LIG Nex1 Signs PBL Contract with Defense Acquisition Program Administration for 'Cheongsang-eo' Inspection and Maintenance

Real-Time Monitoring of Operation and Status by Equipment

LIG Nex1 (CEO Shin Ik-hyun) plans to maximize the operational and maintenance efficiency of our military's weapon systems and combat equipment through the 'Performance Based Logistics (PBL) utilizing Reliability-centered Cost Management (RAM-C)' project.

On the 3rd, LIG Nex1 announced that it has signed a 'Inspection/Maintenance PBL' project contract for the lightweight torpedo 'Cheongsang-eo' operated by the Defense Acquisition Program Administration and the Navy. This project is scheduled to continue until 2029.

PBL is a defense MRO (Maintenance, Repair, Overhaul) business model focused on performance goals, where defense contractors take full responsibility for logistics support throughout the entire operational process of weapon systems. Recently, as weapon systems rapidly become more intelligent and advanced, and the proportion of modular electronic equipment increases, securing stable parts supply and repair capabilities has emerged as a key task in the logistics support field.

LIG Nex1 has secured a PBL business foundation optimized for cutting-edge weapon systems by incorporating Reliability-centered Cost Management (RAM-C), which systematically analyzes and manages repair parts demand forecasting, operational scenario simulation, and optimal life cycle costs. In 2022, LIG Nex1 signed the first RAM-C incorporated PBL contract across all military branches for the Maritime Surveillance Radar-II. Subsequently, it also signed the first PBL contract reflecting RAM-C results in the underwater guided weapons field, gaining recognition for its differentiated logistics support expertise.

LIG Nex1 plans to apply the L-LIS (LIG Logistic Information System), a computerized management system specialized for PBL. L-LIS allows real-time monitoring of operational and status information for each piece of equipment in the weapon system, enabling pre-management of uncertain factors and is expected to achieve reductions in operating and maintenance costs as well as shorten maintenance periods.

Shin Ik-hyun, CEO of LIG Nex1, stated, “Based on the technology and know-how accumulated through the development, production, and maintenance of weapon systems, LIG Nex1 has been striving to provide more stable MRO services. We hope this project contract will contribute to the efficient operation of the lightweight torpedo ‘Cheongsang-eo,’ which protects the seas of the Republic of Korea.”

LIG Nex1 Pangyo House.

This content was produced with the assistance of AI translation services.