Start of The Defense Industry
In 1967, the Sheng-Li Holding Company (Simplified Chinese: 胜利; pinyin: sheng li; translated: victory) was established under the Ministry of Defence to promote the local defense industry. By the 1970s, Singapore was producing small arms (the M-16) through Chartered Industries of Singapore (CIS) and small arms, mortar, and artillery ammunition through Chartered Ammunition Industries for local use and export. Sheng-Li Holdings was later restructured into Singapore Technologies (now ST Engineering) in 1989, the parent of ST Kinetics. ST Kinetics produces the indigenous SAR-21 and Bionix AFV today. Others, either locally designed or locally-owned designs, such as the Ultimax 100, SAR-80, SR-88, FH-88, and FH-2000 were also produced.
Read more about this topic: Military History Of Singapore
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