# Wave Electro signs 10.8 billion won supply contract with LIG Nex1

Wave Electro signed a supply contract worth 10.834 billion won with LIG Nex1 for the third mass-production phase of the Hyeongung project, equal to 22.54% of its revenue, running until January 3, 2024.

- Type: Contract
- Announced: 2020-01-13
- Where: South Korea
- Value: $9.18M (10.8B KRW)
- Status: completed
- Products: defense electronics for Hyeongung mass production
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [LIG Nex1](https://endata.com/companies/724.md) (customer)
- [Wave Electro](https://endata.com/companies/5993.md) (supplier)

## Sources

- [etoday.co.kr](https://www.etoday.co.kr/news/view/1844468), 2020-01-13: "웨이브일렉트로는 LIG넥스원과 108억3400만 원 규모의 현궁 3차 양산사업 공급계약을 체결했다고 13일 공시했다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.