South African defence equipment manufacturer Denel Dynamics has reportedly signed a memorandum of understanding (MoU) with Saudi Arabian firm ITAEC Group to potentially manufacture anti-tank missiles in the country.
The MoU was reportedly signed at the Africa Aerospace and Defence tradeshow, held in South Africa, on 16 September, but only reported by South African news website Defenceweb on 26 September.
Under the MoU, the Ingwe anti-tank guided missile could be marketed and potentially manufactured in Saudi Arabia. A demonstration firing of the missile, mounted on a vehicle, reportedly took place earlier in 2016.
The Ingwe is an improved variant of the South African-developed ZT3 Swift missile, originally developed in the late 1980s.