LIG Nex1 submits bid to sell portable missiles to India

Discussion in 'Indian Army' started by plugwater, Oct 14, 2011.

  1. plugwater

    plugwater Elite Member Elite Member

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    SEOUL, April 20 (Yonhap) -- LIG Nex1 Co., a South Korean weapons maker, has submitted a preliminary bid to sell portable anti-aircraft missiles to India, a military official said Wednesday.

    "LIG Nex1 submitted a request for a proposal early this year to the Indian government to export the Shingung portable missiles," the official said on the condition of anonymity.

    India reportedly plans to buy portable anti-aircraft weapons worth 1.4 trillion won (US$1.28 billion) by 2014.

    The Shingung, which means "new bow and arrow" in Korean, was put into service in late 2005 by South Korea's Army. The shoulder-launched missile is capable of hitting targets as high as 3.5 kilometers with a speed of Mach 2.0 and a distance range of 7 km, military officials said.

    LIG Nex1 submits bid to sell portable missiles to India | YONHAP NEWS
     
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  3. black eagle

    black eagle Senior Member Senior Member

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    LIG??!!! Isn't that an insurance firm??? :p
     
  4. Singh

    Singh Phat Cat Administrator

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    that would be LIC
     
  5. Galaxy

    Galaxy Elite Member Elite Member

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    I think recently, SAAB also offered to sell portable missiles to India.
     
    Last edited: Oct 14, 2011
  6. Galaxy

    Galaxy Elite Member Elite Member

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  7. SPIEZ

    SPIEZ Senior Member Senior Member

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    What happen to the SA 24 IGLA ???
     

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