LIG Nex1, UK’s Babcock sign MOU to develop global MRO market

Quick Summary:

The MOU, signed on Tuesday at the Euronaval 2024 event in Paris, brought together senior representatives from both companies, including ParkTae-Sik, LIG Nex1’s PGM Division Head and Mark Goldsack, Managing Director of Business Growth and AUKUS at Babcock.

LIG Nex1 Co., a leading defense systems developer in South Korea, announced on Wednesday that it had signed a comprehensive memorandum of understanding (MOU) with UK defense contractor Babcock International Group PLC.

Park emphasized the importance of sustainable MRO capabilities for South Korea's defense competitiveness, expressing optimism about expanding LIG Nex1’s international footprint.

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Category: Economy

Markets: South KoreaIraq

Topics: Development Market Global South Collaboration Defense Babcock International Korea Nex1 Signed

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Article Type: News Report

Published On: 2024-11-06 @ 10:56:29 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

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