LIG Nex1 announced on the 12th that it signed a memorandum of understanding on the 'production and sale cooperation of weapons systems' with the Indonesian state-owned defense corporation PT DI at the Indo Defence international defense exhibition being held in Jakarta, Indonesia.

On November 11 (local time), a representative of LIG Nex1 introduces guided weapon systems at the Indo Defence exhibition in Indonesia./Courtesy of LIG Nex1

Through this agreement, LIG Nex1 will target the local market entry for precision-guided weapons and surveillance reconnaissance equipment. The two companies will conduct joint promotions centered on precision-guided weapons and surveillance reconnaissance equipment, and plan to deepen cooperation, including local production in the future.

PT DI is an Indonesian state-owned aerospace corporation that supplies transport aircraft and patrol aircraft to the Indonesian military.