SEOUL—South Korea has chosen LIG Nex1 as the maker of an air-to-ground cruise missile that the country’s defense technology agency has been working on. The company said it is trying to cut costs for the missile and its Hanwha turbojet engine, in part to compete in the export market. The missile, which has no formal name, is in the preliminary development phase. It is comparable to the Taurus KEPD 350K-2, which is being offered to South Korea and is a smaller relative of the ...


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