Singapore’s ST Engineering believes that a new joint venture with Israel Aerospace Industries, to market and sell advanced naval missile systems, will leverage both companies’ strengths and track records to address a growing demand for guided munitions.
The joint venture, announced in mid-July, is called Proteus Advanced Systems, with ST Engineering’s land systems arm and IAI each having a 50 percent share. According to the news release announcing the joint venture, the new entity will “market and sell advanced naval missile systems, including a next generation anti-ship missile system.”
ST Engineering confirmed to Defense News that its next generation anti-ship missile is called the Blue Spear, a system that it says it has been working with IAI over the past few years, although it declined to divulge the exact timeline.
A spokesperson from the company added that Blue Spear, which was also known as the 5G SSM, is “is an anti-ship missile system that introduces an advanced and novel approach which addresses the challenges of the modern naval arena for years to come,” and confirmed reports elsewhere that ST Engineering’s role in the Blue Spear’s development includes the design, development and production of major subsystems like the booster motor and warhead.