ST Kinetics wins $68m MINDEF contract for Spider LSV
ST Engineering today announced that its land systems arm, ST Kinetics, has won a contract worth S$68m from the Singapore Ministry of Defence (MINDEF) through an international tender, to supply its new generation Spider Light Strike Vehicles (Spider LSV) and spares. Delivery is expected to take place over 2013-14.
Designed with a unique center drive configuration allowing for weapon systems to be mounted on both sides of the driver, the Spider LSV incorporates a state-of-the-art electronic controlled engine, a 4-speed automatic transmission and an enhanced suspension system capable of high cross-country manoeuverability. The Spider LSV has an increased seating capacity for a crew of six and is heli-portable.
"We are extremely pleased that MINDEF has selected the Spider LSV. This is an excellent testimony to ST Kinetics' continued focus to innovate through smart engineering, effective solutions to meet our customers' evolving operational needs." ~ SEW Chee Jhuen, President, ST Kinetics
This contract 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.
Source: ST Engineering
More from Land Warfare
-
Lockheed nets $4.9 billion US Army contract to build more precision strike missiles
The PrSM missiles, known as Increment 1 weapon systems, will eventually replace the US Army’s Army Tactical Missile Systems (ATACMS).
-
Ovzon trials UGV comms in Arctic conditions
Swedish company showcases Arctic UGV test as it eyes NATO defence market expansion.
-
US Army Project Convergence to evaluate CJADC2 in the Indo-Pacific theatre
As part of its experimentation campaign, the service will assess CJADC2 concepts and capabilities in challenging environments.