Saudis agree $3.2 bln deal to buy South Korean missile defence system - ministry
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, announ...
By Reuters | Updated:
AP
South Korean defence firm LIG Nex1 has won a $3.2 billion deal to export a mid-range surface-to-air missile defence system to Saudi Arabia, South Korea's Ministry of National Defence said on Tuesday.
The Saudi defence ministry agreed to buy 10 batteries of a mid-range, medium-altitude interception system called Cheongung M-SAM II that can cope with ballistic missile and aircraft attacks, the South Korean ministry said.
The details of the deal were disclosed at the sidelines of the World Defense Show in Riyadh.
A spokesperson for LIG Nex1 could not be reached outside office hours.
The Saudi defence ministry agreed to buy 10 batteries of a mid-range, medium-altitude interception system called Cheongung M-SAM II that can cope with ballistic missile and aircraft attacks, the South Korean ministry said.
The details of the deal were disclosed at the sidelines of the World Defense Show in Riyadh.
A spokesperson for LIG Nex1 could not be reached outside office hours.
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