Singapore Technologies Engineering Ltd (ST Engineering) discloaed on Jul. 15 that it has formed a joint venture company (JV) in Singapore, named Proteus Advanced Systems Pte. Ltd., with Israel Aerospace Industries Ltd (IAI).
Screengrab from YouTube
The name firm will “market and sell advanced naval missile systems, including a next generation anti-ship missile system.”
IAI’s newest anti-ship missile is the Gabriel V that was unveiled in public last year.
Both companies each has a 50 percent share in the company.
For more information, hit the Source below