Court temporarily suspends 2-year bidding ban on LIG D&A

LIG Defense & Aerospace (LIG D&A) announced on Tuesday that a court has temporarily lifted a two-year prohibition on its participation in defense contracts imposed by Korea's arms procurement agency. The Defense Acquisition Program Administration (DAPA) had previously suspended the ban, which was set to begin on Thursday, after LIG D&A executives were charged with bribery during weapons procurement tenders.

LIG D&A informed regulatory authorities that the court has granted a suspension until November 20, allowing the company to continue bidding for defense contracts. A formal hearing is scheduled for November 5 to evaluate the company's request for an extended suspension, after which the court will determine if it should maintain the ban pending the outcome of LIG D&A's lawsuit challenging the ban.

Should the court permit the request, LIG D&A will be able to continue submitting bids for defense contracts until a decision is made on its lawsuit to overturn the ban, according to the company, which will persist in presenting its case through legal channels.