LIG Nex1 Renames Itself 'LIG Defense & Aerospace'... "Encompassing Aerospace"

Expressing the Will to Lead Future Battlefields with Defense Capabilities and Advanced Space Technology

On the occasion of its 50th anniversary, LIG Nex1 will change its name to 'LIG Defense & Aerospace (LIG Defense & Aerospace · LIG D&A).' The company explained that it aims to become a 'global integrated defense company' encompassing the aerospace sector.

LIG Defense & Aerospace CI. LIG Defense & Aerospace

LIG D&A announced on March 31 that it approved the name change as originally proposed at the 24th Annual General Meeting of Shareholders held at its headquarters in Yongin, Gyeonggi Province.

The new name reflects the company's intention to lead future battlefield environments by combining its 50 years of accumulated defense industry capabilities with cutting-edge space technology through the integration of defense and aerospace.

LIG D&A is accelerating the diversification of its business portfolio by strengthening investment in future defense sectors, including satellite systems, next-generation aircraft weapon systems, and unmanned platforms.

Additionally, based on its technological capabilities, the company plans to diversify its export strategies and pioneer new markets not only in the Middle East and Asia but also in Europe, the United States, and South America.

A representative from LIG D&A stated, "If the past 50 years have been about laying the foundation for Korea's independent defense, the next 50 years will be about transforming the global defense industry paradigm with advanced technology. This name change is not simply a change of title but a promise to evolve into a global technology company that protects the safety and peace of humanity through technological innovation."

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