12 Feb 2024
Saudi spends $3.2 billion on South Korean missile defence system
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South Korea's LIG Nex1 secures a $3.2 billion contract to supply Saudi Arabia with 10 batteries of the Cheongung M-SAM II mid-range surface-to-air missile defence system, capable of countering ballistic missiles and aircraft.
The agreement, announced during the World Defense Show in Riyadh, marks a significant milestone in South Korea's defense exports.
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