LIG D&A Faces Loss of Defense Contractor Status Over Bribery Case

South Korea's DAPA has asked the trade ministry to review revoking LIG D&A's defense contractor designation after a two-year bidding ban tied to bribery and cost fraud allegations. The move could cost the company a 122.3 billion won (~$92.2 million) mass-production contract for its counter-drone system.

• DAPA imposed a 24-month bidding ban on LIG D&A on Oct. 20
• A 122.3 billion won counter-UAV production deal is at risk
• Court suspended the ban through Nov. 20; hearing set for Nov. 5
• 72.1% of H1 revenue came from the South Korean market