South Korea's LIG Nex1 secures a $3.2 billion contract to supply Saudi Arabia with 10 batteries of the Cheongung M-SAM II mid-range surface-to-air missile defense system, capable of countering ballistic missiles and aircraft. The agreement, announced during the World Defense Show in Riyadh, marks a significant milestone in South Korea's defense exports. Details of the deal were unveiled by South Korea's Ministry of National Defense, while LIG Nex1 remained unavailable for comment after office hours.
