The proposed joint venture (JV) between Rheinmetall and BAE Systems to manufacture military vehicles has been approved by the UK Competition and Markets Authority (CMA).
The JV will be known as Rheinmetall BAE Systems Land (RBSL). The company will manufacture British Army's new 8x8 wheeled Mechanised Infantry Vehicle (MIV), upgrade of the Challenger 2 Main Battle Tank fleet and will take part in other strategic combat vehicles programmes.
In January, Rheinmetall announced it will purchase a 55 percent stake in the existing BAE Systems UK based combat vehicles business, with BAE systems retaining 45 percent. The new Joint Venture will be headquartered at BAE Systems’ facility in Telford, England.
Rheinmetall has won a $104 million (Euro 92million) contract to supply Germany's Bundeswehr 252 unprotected transport vehicles. This order falls under the framework agreement concluded in 2017 for more than 2,200 military trucks worth $1017 (Euro 900 million) million the compant said in a statement Wednesday
BAE Systems has won a $19 million modification contract for the production of the MK38 MOD 3 Machine Gun System (MGS) and associated spares meant for the US Navy. This contract is to fulfil specified requirements and technical performance requirements for the MK38 MOD 3 25mm MGS Ordnance Alteration and associated spares, the US Department of Defense said in a statement Monday
BAE Systems has won a $39.5 million Foreign Military Sales (FMS) contract to supply MQ-9 Sensor Pod to France
The United Kingdom (UK) Ministry of Defense has
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