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 after-sales.
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.