South Korean aerospace manufacturer and defense company LIG Nex1 has signed a deal worth 164 billion won ($14.5 million) with the South Korean Defense Acquisition Program Administration to mass produce Korean-made maritime surveillance radar. The Maritime Surveillance Radar-II, developed by LIG Nex1 and to be deployed to the military starting next year, offers greater detection capabilities than existing radars made with technologies borrowed from the US defense firms.
The radar is enveloped in a dome and therefore capable of continuous operations in difficult weather conditions such as strong winds and typhoons. Also, the radar shoots electric waves digitally, which is more durable against heat and shocks and consumes less electricity. The radar will be first deployed to the Republic of Korea Navy (ROKN) and be installed on the eastern, western and southern coasts of the country.
LIG Nex1 Co., Ltd. (formerly known as NEX1 Future and LG Innotek) is a South Korean aerospace manufacturer and defense company. 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. 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.
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.