LIG Defense and Aerospace expands US market presence
The company acquired a majority stake in Ghost Robotics Corporation in July 2024.
The comprehensive defense contractor LIG Defense and Aerospace is pursuing growth through the acquisition of future technology platforms and entry into the United States defense market,. To achieve this, the company established LNGR LLC, an overseas entity in Philadelphia, in December 2023.
Through LNGR LLC, the company acquired 151,335 shares, representing a 60% stake in Ghost Robotics Corporation, on July 27, 2024. This move follows a broader strategy to secure capabilities in unmanned systems, drones, robotics, artificial intelligence, and cyber warfare.
The company also maintains a network of specialized subsidiaries to support its core operations. LIG Precision Technology, which became a subsidiary in July 2019, develops and produces display units, integrated computers, and power devices for various weapon systems. Additionally, the company established Boulangerie Gil in December 2023 as a standard workplace for people with disabilities in Gumi.
Operational stability is supported by long-term strategic partnerships. The company has maintained a joint venture agreement with HENSOLDT Optronics GmbH since October 2011 to strengthen its electro-optical capabilities and enter global markets. It also holds a joint investment agreement with Poongsan, established in August 2010, to enhance competitiveness in guided weapon rocket propulsion technology.
Regarding its financial obligations, the company reported that it is complying with debt-to-equity ratio requirements on a standalone basis, recording a ratio of 435.34%. The company also confirmed it is adhering to restrictions on asset disposal and collateral settings.