# Who are LIG Defense&Aerospace's customers? Who does LIG Defense&Aerospace earn revenue from?
Canonical: https://valuechain.wiki/lig-defense-aerospace · Facet: customers · Updated: 2026-07-12T03:47:49.078+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: LIG Defense&Aerospace discloses no named confirmed revenue counterparties; 3 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 3 revenue edges, backed by 4 dated sources, 2 of them primary filings (as of 2026-07-12).

### 이라크·UAE·사우디 (천궁-II) (high)
- metric: contract 3,700,000,000,000원 · 이라크 천궁-II
- note: Cheongung-II mid-range SAM exported to three countries: Iraq at KRW 3.7tn ($2.8B, signed 2025, revenue from 2028), after UAE and Saudi deals; extending to L-SAM.
- [confirms] EBN (KO, news, published 2026-06-01) https://www.ebn.co.kr/news/articleView.html?idxno=1691693: "Iraq Cheongung-II deal at KRW 3.7tn ($2.8B), the third export after UAE and Saudi."

### 사우디·이라크·UAE (M-SAM 천궁-II 수출) (high)
- metric: contract 3,700,000,000,000원 · 이라크 M-SAM
- note: Exports the M-SAM (Cheongung-II) mid-range SAM to three countries - a 2022 Middle East M-SAM deal, a Feb 2024 Saudi Cheongung-II deal, and a Sep 2024 Iraq M-SAM deal (per the annual report). The Iraq contract is ~KRW 3.7tn ($2.8B), with revenue from 2028.
- [confirms] EBN (KO, news, published 2026-06-01) https://www.ebn.co.kr/news/articleView.html?idxno=1691693: "Iraq Cheongung-II export at KRW 3.7tn ($2.8B), revenue from 2028."
- [confirms] FSS DART (KO, filing, published 2026-03-23) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260323001211: "Feb 2024 Saudi Cheongung-II export deal; Sep 2024 Iraq M-SAM export deal."
- [confirms] Defense News (EN, news, published 2024-09-01) https://www.defensenews.com/global/mideast-africa/2024/09/lig-nex1-iraq-m-sam: "Iraq buys LIG Nex1's M-SAM air-defense system."

### 방위사업청·국방과학연구소 (국내 정밀유도무기) (high)
- metric: contract 515,700,000,000원 · 천궁-II 2차 양산(2026 공시) · 23.2% of revenue
- note: Main customer is the Korean government (DAPA, ADD, the services). A 2026 disclosure: Cheongung-II (Cheolmae-II upgrade) 2nd-batch missile production at KRW 515.7bn (23.2% of revenue). Also develops/produces Hyeongung, CIWS-II, lightweight torpedo-II, ship-to-air missile-II and the 130mm guided rocket-II.
- [confirms] FSS DART (KO, filing, published 2026-04-23) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260423800410: "Contract 'Cheongung-II (Cheolmae-II upgrade) 2nd missile production', KRW 515.7bn, 23.22% of revenue."
- [confirms] FSS DART (KO, filing, published 2026-03-23) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260323001211: "Main customers DAPA, ADD, the services; PGM precision strike is the core line."

Reverse side: https://valuechain.wiki/lig-defense-aerospace/suppliers.md · Ripple: https://valuechain.wiki/lig-defense-aerospace/ripple.md

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Full node: https://valuechain.wiki/lig-defense-aerospace.md · JSON: https://valuechain.wiki/lig-defense-aerospace.json