South Korea to hold largest defence show in bid to boost global sales | Reuters

On the same subject

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  July 22, 2020 | International, Naval

  ST Engineering and IAI Set Up JV to Market Advanced Naval Missile Systems

  July 16, 2020 - Singapore Technologies Engineering Ltd (ST Engineering) today announced that its land systems arm has signed an agreement with Israel Aerospace Industries Ltd (IAI) to set up a joint venture company (JV) in Singapore. ST Engineering and IAI shall each hold a 50% share of the JV. The JV, named Proteus Advanced Systems Pte Ltd, will leverage the strengths and track record of its parent companies to market and sell advanced naval missile systems, including a next generation anti-ship missile system. The setup of this JV is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year. ST Engineering is a global technology, defence and engineering group specialising in the aerospace, electronics, land systems and marine sectors. The Group employs about 22,000 people across offices in Asia, the Americas, Europe and the Middle East, serving customers in the defence, government and commercial segments in more than 100 countries. With more than 500 smart city projects across 70 cities in its track record, the Group continues to help transform cities through its suite of Smart Mobility, Smart Security and Smart Environment solutions. Headquartered in Singapore, ST Engineering reported revenue of $6.7b in FY2018 and it ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore, SGX ESG Transparency Index and SGX ESG Leaders Index. For more information, visit stengg.com. View source version on Israel Aerospace Industries Ltd (IAI): https://www.iai.co.il/st-engineering-and-iai-advanced-naval-missile-systems

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  November 19, 2021 | International, Aerospace

  EU nations add air, space and drone tech to their defense cooperation roster

  European Union defense ministers have approved new collaborative projects meant to boost the bloc's military capabilities in air, space and drone operations.

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  July 24, 2020 | International, Land

  Germany’s KMW pitches bridge-launching Boxer vehicle

  By: Sebastian Sprenger COLOGNE, Germany — German tank-maker Krauss-Maffei Wegmann is developing a tactical bridge-launching capability for its Boxer vehicle that the company hopes to sell to its growing customer base. Executives still consider the module an internal prototype, with more testing planned in the coming months. But the premise of a bridge-launching capability in forces lighter than the heavy, tracked vehicles mostly used for that job today could garner interest, they said. The German military, Lithuania, the Netherlands, the U.K. and Australia are current or soon-to-be operators of Boxer fleets. The vehicles were developed in a joint venture with Germany's Rheinmetall. The rides are modular by design, consisting of base chassis that can be combined with payloads for troop transport, command and control, combat, or medical evacuation, for example. The new module will be able to deploy two types of bridges: a heavy variant that spans 14 meters and can carry 80 tons, and a longer version of 22 meters certified for 50 tons. Those weight limits are sufficient for heavy battle tanks and the slightly lighter infantry fighting vehicles, respectively. KMW officials had planned to debut the new development at the Eurosatory expo in Paris, France, last month before organizers canceled the event due to the coronavirus pandemic. The next chance to display the bridging module for would-be clients will be the U.K.-based DVD2020 conference, sponsored by the British Ministry of Defence, in November, according to the company. Modifications needed to operate the bridging module with the base version of the Boxer include a new drive output for siphoning power from the main engine to the hydraulic arms used to push the bridge from the vehicle to the ground, officials explained. https://www.defensenews.com/land/2020/07/23/germanys-kmw-pitches-bridge-launching-boxer-to-its-customer-base/