19 March 2012

News Story: Singapore Gains Toehold in World Arms Industry


By BHAVAN JAIPRAGAS 

SINGAPORE — Singapore, better known for its clean-cut image and electronics exports, is seeking a place in the global arms industry by exploiting technological expertise honed on its own amply funded military.

From armored personnel carriers used by British forces in Afghanistan to ammunition and firearms, the city-state is trying to enlarge the overseas market for its homegrown weapons and defense systems.

Its arms exports were in the limelight recently when India’s defense ministry banned six weapons manufacturers for alleged involvement in a 2009 bribery case — one of them a relatively little-known company from Singapore.

ST Kinetics, part of the multibillion-dollar ST Engineering industrial group, swiftly and vigorously denied the accusation but the mere mention of the firm underscored Singapore’s growing ambitions in the world arms market.

Read the full story at DefenseNews