Doosan Enerbility and LIG Defense & Aerospace sign pact to build guided-weapon engines
Doosan Enerbility Co. and LIG Defense & Aerospace Co. have agreed to develop propulsion systems for guided weapons.
The two South Korean firms signed a memorandum of understanding to cooperate on the design, testing, verification and certification of engines for precision-guided munitions. LIG Defense & Aerospace will manage the overall weapon system development, while Doosan Enerbility will concentrate on the engine technology. The alliance aims to boost both companies' competitiveness in the expanding global defence market.
Why it matters
The alliance could enhance South Korea's share of the growing global market for guided-weapon technology.
In this story
guided weaponsengine developmentdefense marketmemorandum of understandingpropulsion systemsglobal demandpartnership
