LIG D&A secures export deal for Haegung missile system with Malaysia
LIG Defense & Aerospace, a Korean precision-guided weapons maker, has clinched a deal to export the "Haegung" surface-to-air missile system to Malaysia, marking its first export deal of the weapon, sources said Wednesday.
The deal, valued at some $94 million, was signed between LIG Defense & Aerospace and Malaysia's Defense Ministry on the sidelines of a defense exhibition in Kuala Lumpur this week.
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It marks the first export of the Haegung missile, developed by the state-run Agency for Defense Development in 2011 to intercept a range of aerial threats targeting warships, including antiship missiles and aircraft.
The missiles are expected to be mounted on Malaysian offshore patrol vessels built by Turkey's leading defense firm, STM.
The deal comes as Malaysia has kicked off Defence Services Asia 2026, the largest arms exhibition in Asia, which runs from Monday to Thursday. Korea has participated in the event by running a booth to promote homegrown arms products and boost its entry into the Southeast Asian market.
Yonhap