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ST Engineering and Israel Aerospace Industries to market and sell advanced naval missile systems in Singapore

Felicia Tan
Felicia Tan7/15/2020 06:10 PM GMT+08  • 1 min read
ST Engineering and Israel Aerospace Industries to market and sell advanced naval missile systems in Singapore
The JV, named Proteus Advanced Systems, will market and sell advanced naval missile systems, including a next generation anti-ship missile system.
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SINGAPORE (July 15): Singapore Technologies Engineering (ST Engineering) and Israel Aerospace Industries (IAI) have entered into an agreement to set up a joint venture company (JV) in Singapore.

The agreement, which was signed by ST Engineering’s land systems arm on Wednesday, will see the company and IAI each having a 50% share in the JV company.

The JV, named Proteus Advanced Systems, will market and sell advanced naval missile systems, including a next generation anti-ship missile system.

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