S.Korean LIG Nex1 to Manufacture Missiles in Romania
South Korea’s LIG Nex1 signed a memorandum of understanding with Romania's state-run Romarm as it seeks to export its anti-aircraft missiles to the European country.
Lee Hyun-soo, LIG Nex1’s overseas business manager, and Florentina Micu, president of Romarm, signed the agreement in Bucharest. Under the agreement, LIG Nex1 plans to cooperate with Romarm on technology development and transfer, ultimately accelerating the local production of its cutting-edge missiles in Romania.
“This memorandum includes cooperation on technology transfer for local production, which is expected to serve as the foundation of economic ties between the two countries,” Lee of LIG Nex1 was quoted as saying by The Korea Herald. “We hope to strengthen ties in various defense fields in the future."
Romania Selects Rafael's Communications System for its Naval Ships
Romania Buys Naval Strike Missile Coastal Batteries
Romania Buys Israeli Watchkeeper X Tactical UAS for $410M
Kongsberg Upgrades 32 Norwegian F-16 Jets before Delivery to Romania in 2023-24
American Hypersonic Missiles in Sight as Russia Forms First S-500 Air Defense...
Houthi Missile Hits Israel’s Tel Aviv, 16 Injured
Poland Orders Four Reconnaissance Microsatellites
U.S. Marine Corps CH-53E Helicopter Makes Emergency Landing
Russian Su-57 and Chinese J-20 as Alternatives to the American F-35 Stealth Fighter
As the Russian Su-57 stealth fighter jet enters serial production, the debate over how it stacks up against the American...
NATO’s Intensified Exercises a Prep to Attack Russia?
Recent NATO exercises such as the BALTOPS-24, Steadfast Defender 2024 and its first-ever Basic Fighter Maneuvers exercise have been its...
Precision in the Skies: The Evolution of Loitering Munitions
Loitering munitions - drones that hover over a target and blow up near it - have become the weapon of...
Is the Patriot Air Defense System Outdated?
After Israel revealed its decision to decommission its U
Russia's Growing Influence in Africa: Arms Sales and Military Bases
Russia's expanding influence in Africa, demonstrated by arms sales, military deployments, and diplomatic engagements, reflects a significant geopolitical shift on...