A Daegu-class frigate launches a surface-to-air Haegung missile in waters off the East Sea, May 13, 2024. Courtesy of Navy
LIG Defense & Aerospace, a South Korean precision-guided weapons maker, has clinched a deal to export the "Haegung" surface-to-air missile system to Malaysia, marking its first export deal of the weapon, officials said Wednesday.
The deal valued at some $94 million was signed between LIG Defense & Aerospace and Malaysia's defense ministry on the sidelines of a defense exhibition in Kuala Lumpur this week.
It marks the first export of the Haegung missile, developed by the state-run Agency for Defense Development in 2011 to intercept a range of aerial threats targeting warships, including anti-ship missiles and aircraft.
The missiles are expected to be mounted on Malaysian offshore patrol vessels built by Turkey's leading defense firm STM.
The deal comes as Malaysia has kicked off the Defence Services Asia 2026, the largest arms exhibition in Asia, from Monday to Thursday. South Korea has participated in the event by running a promotion booth aimed at promoting homegrown arms products to boost its entry into the Southeast Asian market.
Source: Korea Times News
