Germany has approved plans allowing Rheinmetall to deliver an armored vehicle assembly plant to Algeria, Forecast International reported Tuesday.
Rheinmetall's delivery to Algeria includes a production line to assemble the Fuchs armored vehicle, as well as other parts valued at more than $37 million.
The planned factory is to build nearly 1,000 armored vehicles and parts will be exported to the country, where workers will assemble them. It was earlier reported that 980 Fuchs 2 vehicles will be built as part of a $3.6 billion deal.
Algeria has agreed not to sell the vehicles to other countries.
Meanwhile, Rheinmetall is also looking to establish a Development Center in South Africa to develop munitions for various international clients and is currently in talks with a potential launch customer.
The new Rheinmetall Development Center will develop munitions ranging from grenades, mortars and artillery shells to rockets and other munitions.
Rheinmetall is set to sign a $2.7 billion deal for the production of 980 Fuchs 2 armored vehicles with Algeria, according to reports
The Algerian Ministry of Defense has placed an order estimated $2.7 billion for 48 new Russian helicopters, according to Lenta
Fincantieri last week launched the future flagship of the Algerian Navy, the Kalaat Beni Abbes, a vessels designated as a landing and logistic support ship. This is a project that has seen the light as part of a broad and innovative Italian-Algerian cooperation program that gives the Italian Navy full and direct involvement in the training of the ships first crew
Orizzonte Sistemi Navali, a company controlled by Fincantieri and in which Selex Sistemi Integrati holds a minority stake, was awarded a contract by the Ministry of Defence of the Democratic and Popular Republic of Algeria for the construction of a landing and logistic support ship for its navy. The ship will be built in an Italian shipyard of the Fincantieri group
AERO Vodochody a.s
Rheinmetall has integrated an anti-torpedo capability into Multi Ammunition Softkill System, or MASS. The current concept offers the possibility of launching up to four anti-torpedo decoys from a single MASS launcher
The Algerian amphibious warfare ship "Kalaat Beni Abbes” arrived Monday at the naval base at Taranto, in southern Italy for training. This ship, derived from the Italian navys San Giusto-class, and equipped with a “FREMM-alike” combat system, was ordered from the Italian company Orizzonte Naval Systems by the Algerian navy, through an innovative arrangement that includes the supply of an "integrated training package" integrated by the Italian Navy
Rheinmetall MAN Military Vehicles (RMMV) is presenting a forward-looking protection concept for logistic vehicles at the NIDV defense fair in the Netherlands, the company said in a statement. Developed by Austrian manufacturer Ressenig Fahrzeugbau GmbH and approved by RMMV, the Discreet Armoured Cabin (DAC) can be mounted on the proven TGS chassis
Rheinmetall Group generated consolidated sales of €3,215 million in the first nine months of 2014, increasing its business volume by €259 million or 9 % year-on-year. Growth stood at 11 % after adjusting for currency effects
Rheinmetall is showcasing a sampling of its products and projects at the African Aerospace & Defence (AAD), the company said in a statement. “Rheinmetall has for many years been a partner of South Africas armed forces and defence industry
Algeria has taken delivery of "Kalaat Beni-Abbes" amphibious class vessel at a ceremony held at the Muggiano shipyard (in La Spezia) commissioned in 2011, Fincantieri said in a release. The ship was commissioned by the Ministry of Defence of the People's Democratic Republic of Algeria from Orizzonte Sistemi Navali, a company controlled by Fincantieri in which Selex ES also holds an interest, to serve as the national Navy's new flagship
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