LIG Defense & Aerospace announced in a regulatory filing on the 22nd that it will be restricted from participating in bids for the government, local governments, and public institutions for two years.

Suspension Period and Grounds According to the filing, the suspension period resulting from this sanction runs from October 29, 2026 to October 28, 2028. The suspension is imposed under Article 27 of the Act on Contracts to Which the State Is a Party, and during this period the company is restricted from participating in bids by the government, local governments, and public institutions.

Sales to Affected Clients Account for 64.5% of Total Sales Sales to clients subject to the suspension amount to 2,777,347,337,786 won, which represents 64.5% of recent sales of 4,306,936,127,418 won. Sales to affected clients refer to revenue generated in 2025 from the government, local governments, and public institutions, while recent sales are based on the 2025 consolidated financial statements.

Legal Response Including Suspension of Execution Request and Cancellation Lawsuit The company plans to respond legally through a request for suspension of execution and a cancellation lawsuit against this sanction. In particular, it explained that if a ruling is made to stay the effect of the administrative disposition, the bidding eligibility will remain unaffected until a judgment is issued in the administrative disposition cancellation lawsuit.

Meanwhile, October 22, the decision date of this filing, is the date on which the company received the related official document. The company stated that this filing serves as its response to the Korea Exchange's request for an explanatory filing.