LIG Defense & Aerospace (hereinafter LIG D&A) announced on the 14th that it is accelerating its entry into the U.S. market through cooperation with U.S. defense startup "Firehawk."
Previously, on the 13th (local time), the two companies signed a Teaming Agreement (TA) at the AUSA defense exhibition held in Washington, D.C., for cooperation on developing the propulsion system for the 2.75-inch guided rocket "Bigung." Under this agreement, the two companies will explore possibilities for additional cooperation with follow-up Yangsan after completing the development of the propulsion system. They will also conduct joint marketing within the U.S. and promotional activities targeting the U.S. government.
Baek Hyeong-sik, head of LIG D&A's Overseas Business Division, stated, "It is very meaningful that Bigung, which was previously developed through the combined efforts of Korea and the U.S., will once again be developed in partnership with a U.S. company." Will Edwards, co-founder and CEO of Firehawk, emphasized, "The cooperation between our two companies connects Firehawk's two core challenges: expanding military production capacity and advancing solid rocket motor manufacturing. Through this, we will be able to provide more economical options in the fields of air and missile defense for the United States and its allies."
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