Prolonged US-Iran conflict to drive demand for Korean air defense systems: DS Investment

The prolonged US-Iran conflict is expected to boost demand for South Korean air defense systems as countries replenish interceptor missile stockpiles depleted by sustained missile attacks, DS Investment & Securities said Monday.

The brokerage said the trend could benefit Korean defense companies behind the M-SAM II and L-SAM surface-to-air missile systems, naming LIG Defense & Aerospace and Hanwha Aerospace as its top picks.

"As interceptor stockpiles are depleted, demand for alternative air def ...