LIG Nex1 chosen as preferred negotiator for ROK Navy's close-in weapon system

LIG Nex1 is chosen as the preferred bidder for the development of the second-generation close-in weapon system (CIWS-II) for the South Korean Navy, paving the way for the localization of a point-defense weapon system designed to destroy short-range incoming missiles and enemy aircraft from a ship, which has been mostly supplied by U.S. contractor Raytheon and Dutch contractor Thales. The CIWS-II project led by Defense Acquisition Program Administration (DAPA) will cost 320 billion won ($278.8 million) in total by 2030.

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