LG Innotek
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LG Innotek

LIG Nex1 is a South Korean aerospace manufacturer and defense company. It was formerly known as NEX1 Future[1] and before that, as LG Innotek. It was established in 1976 as Goldstar Precision. LIG Nex1 is previously owned by LIG Holdings Company, which in turn is owned by the LIG Group and the LIG Group is owned by the LG Corporation. In 2013, a consortium led by South Korea private equity firm STIC Investments acquisition of a 49 percent stake in LIG Nex1 for 420 billion Korean won.[2]

It develops and produces a wide range of advanced precision electronic systems, including missile, underwater weapon systems, radars, electronic warfare, avionics, tactical communication systems, fire control systems, naval combat systems, and electro-optics. It is one of the major suppliers of weapon systems for the Republic of Korea Armed Forces, as well as an international exporter of weapon systems.





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  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.



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