ST Engineering and Israel Aerospace Industries (IAI) have signed an agreement to market a new fifth-generation surface-to-surface missile under a joint venture named Proteus Advanced Systems.
Both companies hold a 50% share of the Singapore-based company. In a joint release, Proteus Advanced Systems said it will ‘market and sell advanced naval missile systems, including a next-generation anti-ship missile system’.
IAI and ST Engineering spokespeople confirmed with Shephard that the company will be promoting the Blue Spear missile. IAI also revealed that both parties had worked on the project for the ‘past few years’.
ST Engineering added that its role includes
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