The companies said in a joint statement released at the massive Eurosatory defence exhibition near Paris, France, they recognise that modern conflicts demand highly protected wheeled vehicles with superb mobility that can increase the survivability of the crew and ensure mission success.
"ST Kinetics and Paramount Group each has a proven track record in the design and development of land systems vehicles," says ST Kinetics President Sew Chee Jhuen. "This partnership allows us to bring together the reputable products of Paramount Group with our capabilities in systems integration and manufacturing." Paramount Group Executive Chairman Ivor Ichikowitz added: "We are both ambitious, innovative businesses which understand our customers' needs and the changing demands of modern defence and peace-keeping," DefenceWeb says.
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