Our Bureau
05:54 PM, December 9, 2019
Rheinmetall Wins €120M To Modernize Air Defense Systems
Germany's Rheinmetall has won a contract worth €120 million ($133 million) from an unnamed country for modernization of it's Skyguard air defense systems.
"An international client has awarded Rheinmetall a contract to modernize its air defence systems. The total value of the order, now official, comes to around €120 million," the company said in a statement Monday.
The modernization measures will enhance the combat effectiveness of existing Skyguard air defense systems. Among other things, the upgraded systems will have an improved capability against drones. The order also encompasses spare parts, technical documentation, training and instruction support as well as ammunition.
Delivery is scheduled to commence in the third quarter of 2020.