South Korea’s defense firm LIG Nex1 said Friday it has signed a 3.7 trillion won ($2.78 billion) deal with Iraq’s defense ministry to export its medium-range surface-to-air missile defense system Cheongung-II.

LIG Nex1, a Korean defense company, has won a 3.7 trillion won ($2.78 billion) contract with Iraq to export its Cheongung-II missile defense system.

This photo, provided by LIG Nex1, shows the launch process of the South Korean arms maker's Cheongung-II medium-range surface-to-air missile defense system. The company stated on Sept. 20, 2024, that it has secured a 3.