Northrop Grumman And LIG Nex1 To Collaborate On Electronic Warfare Systems For Korea
Portfolio Pulse from Benzinga Newsdesk
Northrop Grumman Corporation (NYSE:NOC) and LIG Nex1 have signed a Memorandum of Understanding to collaborate on airborne electronic warfare and targeting systems for the Republic of Korea. The agreement was signed at the Seoul International Aerospace and Defense Exhibition 2023 (ADEX 2023). Northrop Grumman has a deep expertise in airborne electronic warfare and targeting systems, including the ALQ-257 F-16 Integrated Viper Electronic Warfare System, the LITENING advanced targeting pod and the APR-39D(V)2 and E(V)2 radar warning receivers.
October 18, 2023 | 3:10 pm
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Northrop Grumman's partnership with LIG Nex1 to develop airborne electronic warfare and targeting systems for Korea could potentially increase its market share and revenues in the defense sector.
The partnership with LIG Nex1 allows Northrop Grumman to expand its operations and potentially increase its market share in Korea. This could lead to increased revenues and a positive impact on its stock price in the short term.
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