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Rheinmetall, South Korea's LIG to Form Air-Defense Venture

Provided by Dow Jones Jun 15, 2026, 1:29:00 PM

By Adria Calatayud

Germany's Rheinmetall and South Korea's LIG Defense&Aerospace plan to form a joint venture aimed at supplying air-defense systems to Europe and countries in the North Atlantic Treaty Organization.

The companies said Monday that Rheinmetall would hold the majority shares in the venture, part of a strategic partnership to address immediate and future needs for air-defense systems in Europe and NATO territory.

Under the partnership, the companies will develop and sell in Europe LIG D&A's medium- and long-range air defense missiles in conjunction with Rheinmetall's very short-range air defense systems, they said. Rheinmetall and LIG D&A also agreed to jointly develop new missiles and capabilities to cover the current air-defense gaps, they added.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

June 15, 2026 09:29 ET (13:29 GMT)

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