► ST Engineering and Rheinmetall Collaborate on Development and Sales of Defence Solutions
Singapore,
10 September 2019 – The Land
Systems arm of ST Engineering and Rheinmetall signed a Memorandum of
Understanding (MOU) to pursue business opportunities for development and sales
of defence products, systems and solutions.
ST Engineering and Rheinmetall will collaborate to 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.
Dr. Lee Shiang Long President, Land Systems arm of ST Engineering, said, “This
partnership speaks volumes of industry collaborations that leverage the
strengths of both partners to bring about new opportunities in the development
of products and expansion of market reach.”
“This is a very significant collaboration that will bring together
complementary capabilities and technologies to strengthen the defence
industrial base in Singapore, and to jointly expand our presence in important
markets worldwide.” said Mr Gordon Hargreave, Member of the Executive
Management Board of Rheinmetall.
