Israel and Singapore Team up to Market Advanced Anti-Ship Weapons

Israel's Prime Minister Benjamin Netanyahu inspects the Gabriel 5 advanced surface attack missile at IAI.

Singapore Technologies Engineering Ltd (ST Engineering) today announced that it’s 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 South-East Asia region and, specifically Singapore, is considered a rapidly growing market for submarines and naval vessels. The JV addresses this potential with mature products that can be adapted to meet specific customer needs.

Gabriel 5 surface-surface missile. Image: IAI

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As Singapore relies on U.S. RGM-84C Harpoon today, Israel also used the Harpoon to arm its naval vessels. However, with the introduction of advanced versions of Gabriel, namely Gabriel 5, the Israel Navy has converted some of its vessels to this weapon. Israeli anti-ship missiles were also successful by the Finish Navy, for the upgrading of Hamina-Class fast attack missile boats.

As an advanced attack missile, Gabriel 5 is designed to penetrate modern target’s defenses, both soft- and hard-kill countermeasures. It was designed with sophisticated electronic counter-countermeasures (ECCM) dealing with chaff, advanced decoys, and active ECM. Gabriel 5 and Barak 8 both developed by IAI, were developed by IAI’s Missile, Systems, and Space Group as part of a combined, offensive, and defensive naval system for the Israeli navy and for export.

As new weapons deliveries can be expected only toward the second half of this decade ST Engineering said the setup of the Proteus JV is not expected to have a material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

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Israel and Singapore Team up to Market Advanced Anti-Ship Weapons Israel and Singapore Team up to Market Advanced Anti-Ship Weapons Reviewed by Unknown on 01:28:00 Rating: 5

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