LIG Defense & Aerospace

South Korean aerospace manufacturer and arms manufacturer From Wikipedia, the free encyclopedia

LIG Defense & Aerospace (Korean: LIG 디펜스&에어로스페이스), formerly known as LG Innotek (엘지이노텍) and LIG Nex1 is a South Korean aerospace manufacturer and arms manufacturer. It was established in 1976 as Goldstar Precision. LIG Nex1 was previously owned by LIG Holdings Company, which in turn was owned by the LIG Group. In 2013, a consortium led by South Korea private equity firm STIC Investments acquired 49 percent stake in LIG Nex1 for 420 billion Korean won.[4][5]

Native name
엘아이지디펜스앤에어로스페이스 주식회사
Formerly
[1]
Company type
Public
Quick facts Native name, Formerly ...
LIG Nex1 Co., Ltd.
Native name
엘아이지디펜스앤에어로스페이스 주식회사
Formerly
[1]
Company type
Public
KRX: 079550
Industry
Founded25 February 1976; 50 years ago (1976-02-25)
Headquarters,
Area served
Worldwide
Key people
Products[2]
RevenueIncrease 2.2208 trillion[3] (2022)
Increase ₩179.1 billion[3] (2022)
Increase ₩122.9 billion[3] (2022)
Total assetsIncrease ₩3.0127 trillion[3] (2022)
Total equityIncrease ₩935.2 billion[3] (2022)
Owner
ParentLIG Group[1]
WebsiteOfficial website in English
Official website in Korean
Close

It develops and produces a wide range of advanced precision electronic systems, including missiles, underwater weapon systems, radars, electronic warfare, avionics, tactical communication systems, fire control systems, naval combat systems, and electro-optics.[6] It is one of the major suppliers of weapon systems for the Republic of Korea Armed Forces, as well as an international exporter of weapon systems.

History

The company was established on February 25, 1976, under the name Goldstar Precision Industries (Korean: 금성정밀공업; Hanja: 金星精密工業; RR: Geumseong Jeongmil Gongeop) as a subsidiary of Goldstar Electronics (now LG Electronics). The company changed its name to LG Innotek (Korean: LG이노텍; RR: Elji Inotek) in 2000, and since 2004 it has been incorporated as a subsidiary of LIG Group under the name Nex1 Future (Korean: 넥스원퓨처; RR: Nekseuweon Pyucheo), and changed its name to LIG Nex1 in 2007.[1]

Products

Missiles

Precision guided munitions

Torpedoes

Surveillance and Reconnaissance

Command/Control/Communication

  • Ground-based command and control system for unmanned aerial systems
  • Battalion Tactical Command System (BTCS)
  • Vehicle command and control system
  • Jang Bogo-class submarine (KSS-I) combat management system
  • KSS-II combat system
  • LINCS naval combat system
  • Military satellite communication system-II
  • Tactical Multiband Multirole Radio (TMMR)

Avionics

Electronic warfare

  • Ground electronic warfare equipment
  • Shipborne electronic warfare system
  • Airborne electronic warfare system
  • Anti-drone protection system
  • Direction finder and monitoring system

Unmanned systems

Other

See also

References

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