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LIG Nex1 is exploring a name change to 'LIG Defence & Aerospace' as it celebrates its 50th anniversary and aims to expand into the aerospace sector, particularly in satellite projects. The company has invested in satellite image analysis and established a satellite assembly facility, while also securing the Cheongung Satellite No. 5 project to develop a weather observation satellite. This strategic shift reflects a growing trend among defense firms to focus on satellite technology in response to evolving battlefield requirements.