South Korea’s domestically developed air defense missile system, the Cheongung-II (M-SAM II), will be exported to Iraq in a deal worth 3.7 trillion won (approximately $2.63 billion). This marks a significant expansion of South Korea’s defense exports in the Middle East,

The Iraqi Ministry of Defense announced that it signed a contract with a South Korean company to purchase advanced air defense systems.

The Iraqi Ministry of Defense signed off an agreement On Friday, to purchase the Cheongung-II Air Defense Systems, produced by the South Korean defense company LIG NEX1, worth $2.78 billion.

LIG Nex1 Co., South Korea's major defense firm, said Friday it has secured a 3.7 trillion-won (US$2.78 billion) contract with Iraq to export its Cheongung-II medium-range surface-to-air missile defense system.

South Korea’s defense firm LIG Nex1 said Friday it has signed a 3.7 trillion won ($2.78 billion) deal with Iraq’s defense ministry to export its medium-range surface-to-air missile defense system Cheongung-II.

LIG Nex1, a Korean defense company, has won a 3.7 trillion won ($2.78 billion) contract with Iraq to export its Cheongung-II missile defense system.