Calepin des entreprises international 2026 VA.pdf — page 136

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LIG NEX1
Business trends
	
 LIG Nex1 revenues reached 3.276 trillion won (€2.2 billion) in 2024, up nearly 42% year-on-year in local 
currency. All divisions recorded solid growth, particularly the C4I Systems division.
	
 In August and September 2025, the group relocated and expanded its office in Riyadh (Saudi Arabia) and 
opened an office in Munich (Germany) to strengthen its presence in the Middle East and Europe.
Home market
	
 As one of South Korea’s main defence groups, LIG Nex1 benefits from a leading position in its main business 
segments.
	
 In January 2025, LIG Nex1 was commissioned by South Korea’s Defense Rapid Acquisition Technology 
Research Institute (DRATRI) to develop communication systems for surveillance and reconnaissance drones, 
vehicles and soldiers. Valued at 15.3 billion won (€10.3 million), the MANET (Mobile Ad-hoc NETworking 
systems) project is due to be completed by 2027.
	
 In April 2025, the group signed a 321 billion won (€217 million) agreement to participate in the development of 
the South Korean meteorological satellite GEO-KOMPSAT 5, scheduled for launch in 2031.
	
 LIG Nex1 partnered with Hyundai Heavy Industries and Korea Aerospace Industries in May 2025 to develop 
a multi-purpose unmanned mother ship.
	
 In June 2025, South Korea’s Defense Acquisition Program Administration (DAPA) awarded LIG Nex1 a 
33.4 billion won (€22 million) contract to develop a  simulation system for anti-ballistic missile operations training 
by 2028.
Export markets
	
 The group generated 24% of its revenues from exports in 2024.
	
 Hyundai Heavy Industries awarded LIG Nex1 a 60 billion won (€55 million) subcontract in November 2024 to 
supply combat, electronic warfare and communication systems to equip two Peruvian Navy ships by 2030, a 
frigate and an offshore patrol vessel.
	
 The group signed several agreements with American players in April and May 2025: with Anduril to integrate 
the American company’s artificial intelligence solutions into its weapon and autonomous systems (particularly 
unmanned maritime systems), with Raytheon (part of RTX) to participate in the production of the RAM Block-II 
anti-ship missile, and with Shield AI, a company specialising in AI-based autonomous flight, in the field of 
autonomous systems.
	
 LIG Nex1 partnered with Babcock Marine in May 2025 to jointly develop MRO activities for ships and 
unmanned surface vehicles, as well as new shipbuilding projects. The agreement aims to combine LIG Nex1’s 
ship equipment and armament solutions with the British group’s capabilities in naval design and shipbuilding.
	
 LIG Nex1 signed an agreement in June 2025 with the Indonesian group PT Dirgantara Indonesia (PTDI) to 
develop joint projects in guided munitions and ISR systems, including local production.
	
 In September 2025, LIG Nex1 and Airbus Defence and Space agreed to cooperate in the field of air defence, 
particularly for export (Middle East and Southeast Asia).
Technology and Innovation
	
 Total R&D expenditure amounted to 928 billion won (€629 million) in 2024, representing 28.3% of revenues.
	
 In September 2025, DAPA selected the bid submitted by LIG Nex1 and Korean Air over the competing bid 
from Korea Aerospace Industries and Hanwha Systems for the project to develop a South Korean electronic 
warfare aircraft, with a budget of 1.778 trillion won (€1.2 billion) and aiming to deliver four aircraft by 2034. Within 
the consortium, LIG Nex1 is leading the R&D work and will be responsible for the electronic systems.
STRATEGIC HIGHLIGHTS