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South Korea's LIG Nex1 Wins $2.8 Bln Iraq Deal to Export Missile Systems

An aerial view of Baghdad, Iraq, Aug. 11, 2021. (Reuters)
An aerial view of Baghdad, Iraq, Aug. 11, 2021. (Reuters)
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South Korea's LIG Nex1 Wins $2.8 Bln Iraq Deal to Export Missile Systems

An aerial view of Baghdad, Iraq, Aug. 11, 2021. (Reuters)
An aerial view of Baghdad, Iraq, Aug. 11, 2021. (Reuters)

South Korea's LIG Nex1 said on Friday it won a 3.71 trillion won ($2.8 billion) order from Iraq to export mid-range surface-to-air missile defense systems.

The defense company did not give any other details of the contract in a regulatory filing, citing confidentiality.

Shares in LIG Nex1 rose 3.6% in early morning trade, versus the wider market's 0.9% increase.

"This makes four countries that will operate the Cheongung II system, after South Korea, the UAE and Saudi Arabia," said Jeong Dong-ik, an analyst at KB Securities, adding the deal lifts the mid-range missile system's status as one of South Korea's major defense export items.

South Korea has ramped up global defense exports, as Russia's invasion of Ukraine opened the door to sign large-scale contracts from Europe, the Middle East and Asia.

The country aims to become the world's fourth-largest arms exporter by 2027.

Meanwhile, Iraq’s Defense Ministry defended a decision to provide the Kurdish Peshmerga with American Howitzers.

Ousted parliament Speaker Mohammed al-Halbousi had denounced the move.

The Ministry explained that the deal to purchase the artillery was signed over seven years ago.

It added that the artillery was only sent to the Peshmerga after the necessary procedures were taken.

It stressed that the Peshmerga is a “national force whose loyalty to Iraq is unquestionable”.

Last week, Halbousi declared that such weapons should only be limited to the Iraqi army. “We have constantly called for boosting the capabilities and power of the military,” he added.

He remarked however, that there were no fears over how the Howitzers will be used, because Kurdistan is “ruled by wise leaders, but concerns lie over the future.”

The pro-Iran Coordination Framework in Iraq also expressed its objection to the delivery of the artillery to the Peshmerga, noting that previous governments were also opposed to the move.

Minister of Peshmerga Affairs Shoresh Ismail had announced in August that the US Defense Department, with the approval of the Baghdad government, had provided the Kurdish forces with heavy artillery.

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Israel’s Retaliatory Responses to Houthis Must Begin by Drawing Intelligence Plan

A person inspects damage at the site where a projectile fired from Yemen landed in Tel Aviv on December 21, 2024 (EPA)
A person inspects damage at the site where a projectile fired from Yemen landed in Tel Aviv on December 21, 2024 (EPA)
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Israel’s Retaliatory Responses to Houthis Must Begin by Drawing Intelligence Plan

A person inspects damage at the site where a projectile fired from Yemen landed in Tel Aviv on December 21, 2024 (EPA)
A person inspects damage at the site where a projectile fired from Yemen landed in Tel Aviv on December 21, 2024 (EPA)

Israel is considering options to respond to repeated attacks fired from Yemen in the past few days, the latest of which was a Houthi missile strike that injured more than a dozen people in Tel Aviv.
But military experts say Israel should first consider an intelligence plan for confronting the new front after it faced significant difficulties in both defending against and responding to the Houthi attacks.
On Saturday morning, Houthis launched a missile that triggered sirens throughout central Israel at 3:44 am. It was the second attack since Thursday.
Israel's military said the projectile landed in Tel Aviv's southern Jaffa area, adding that attempts to intercept a missile from Yemen failed.
“The incident is still being thoroughly investigated,” the army said, adding that following initial investigations by the Israeli Air Force and Home Front Command, “some of the conclusions have already been implemented, both regarding interception and early warning.”
Israeli military experts say the recent Houthi attacks have revealed serious security gaps in Israel's air defense systems.
“The pressing question now is why none of the other of Israel’s air defense layers managed to intercept the warhead,” wrote Yedioth Ahronoth's Ron Ben-Yishai. “The likely explanation is the late detection and the flat trajectory, which prevented the operation of all available defense apparatus.”
He said these incidents might expose a critical vulnerability in the army’s air defense system protecting Israel’s civilian and military home front.
According to Ben-Yishai, two main reasons might explain Saturday’s interception failure.
The first is that the missile was launched in a “flattened” ballistic trajectory, possibly from an unexpected direction.
As a result, Israeli defenses may not have identified it in time, leading to its late discovery and insufficient time for interceptors to operate.
He said the second, and more likely scenario is that Iran has developed a maneuverable warhead.
Such a warhead separates from the missile during the final third of its trajectory and maneuvers mid-flight—executing pre-programmed course changes—to hit its designated target, he wrote.
And while Israel has launched initial investigations into the failure of Israeli defense systems to intercept the missiles, it is now examining the nature, date and location of its response.
When Houthis launched their first missile attack on Israel last Thursday, Prime Minister Benjamin Netanyahu warned them, saying, “The Houthis will learn the hard way.”
But Israeli political analyst Avi Ashkenazi wrote in the Maariv newspaper that Israel should look at reality with open eyes and say out loud that it cannot deal with the Houthi threat from Yemen, and has failed to face them.
Last Thursday, 14 Israeli Air Force fighter jets, alongside refuelers and spy planes, flew some 2,000 kilometers and dropped over 60 munitions on Houthi “military targets” along Yemen’s western coast and near the capital Sanaa.
The targets included fuel and oil depots, two power stations, and eight tugboats used at the Houthi-controlled ports.
But the Maariv newspaper warned about the increasing involvement of Iran in supporting the Houthi forces.
“Iran has invested more in the Houthis in recent weeks following the collapse of the Shiite axis, making the Houthi movement a leader of this axis,” the newspaper noted.
Underscoring the failures of Israel’s air defense systems, Maariv said the “Arrow” missile defense system, Israel's main line of defense against ballistic missiles, had failed four times in a row to intercept missiles, including three launched from Yemen and one from Lebanon.
Yedioth Ahronoth's Ben-Yishai also warned that the threat posed by maneuvering warheads on Iran's heavy, long-range missiles would become existential for Israel should Iran succeed in developing nuclear warheads for these missiles.
Meanwhile, Israel’s Channel 12 said that in recent months, the Middle East has changed beyond recognition.
The channel said that for the first time in more than half a century, a direct and threat-free air corridor has been opened to Iran through the Middle East. Israel will benefit from this corridor to launch almost daily attacks on the border crossings between Syria and Lebanon, it said.
Channel 12 also reported that according to the Israeli military, the new threat-free corridor will help Israel launch a future attack on Iran's nuclear facilities.
“From Israel's perspective, the fall of the Assad regime and the collapse of the Iranian ring of fire are changing the balance of power in the Middle East,” the report added.