SINGAPORE (Sept 10): ST Engineering and Germany's Rheinmetall will collaboratively pursue business opportunities for development and sales of defence products, systems and solutions.

In a filing on Tuesday night, ST Engineering says its Land Systems unit and Rheinmetall have signed a Memorandum of Understanding (MOU) to jointly explore areas of cooperation involving complementary capabilities in design, development, production, global marketing, sales and support of defence systems and solutions related to protection systems and combat vehicles.

Under the area of combat vehicle, the partnership will explore opportunities in the armoured tracked vehicle market, which includes marketing, development, manufacturing, assembly; and Integrated Logistic Support activities such as training and aftersales.

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