Rheinmetall partners with South Korea’s LIG D&A on air defence

Rheinmetall and LIG Defense & Aerospace (LIG D&A), a South Korean defence technology company, have agreed to establish a strategic partnership to provide state-of-the-art air defence systems for the European and NATO territory. The short-term aim of the two partners is to form a joint venture with Rheinmetall holding the majority shares. Rheinmetall and LIG D&A will localize, further develop and market LIG D&A’s medium- and long-range air defence (MRAD / LRAD) missile systems in Europe in close conjunction with Rheinmetall’s very short-range air defence (VSHORAD). Both partners agreed to co-develop new missiles and capabilities for short-range air defence (SHORAD) to close current gaps in this segment and to provide solutions over all air defence layers. This combination of capabilities expands and strengthens both companies’ product portfolios and enables the provision of complete turn-key solutions out of one hand. The recent conflicts in Ukraine and the Middle East have shown that independent, fast and reliable supply and delivery chains are crucial for sustainability and success. Both companies contribute to this endeavor with their profound knowledge and capabilities to satisfy the high demand for multi-layered air defence systems, missiles and ammunition. Oliver Dürr, CEO Rheinmetall Division Air Defence said: “Together, LIG D&A and Rheinmetall Air Defence offer a highly complementary portfolio of ground-based air defence solutions designed to meet the market’s immediate needs and future challenges.” Ickhyun Shin, President & CEO LIG D&A stated: “We, LIG D&A and Rheinmetall, are putting our strengths together to establish a defence powerhouse in Europe for air defense missile solutions and beyond. Europe is entering a new era of defence modernisation, and we believe this is the right time to deepen cooperation with a trusted European partner, like Rheinmetall, for a long-term strategic partnership in Europe. Together with Rheinmetall, LIG D&A will pursue sustainable cooperation in various aspects such as R&D, marketing, business development and localised production. By combining our advanced, combat-proven missile technologies with Rheinmetall’s extensive network and expertise, we will provide highly competitive and interoperable solutions for European market, contributing to strengthening Europe’s integrated air and missile defence capabilities.” For Editorial Inquiries Contact: Editor Kym Bergmann at [email protected] For Advertising Inquiries Contact: Group Sales Director Simon Hadfield at [email protected]