Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

UK Boxer team establishes industrial potential for Australia

bae systems boxer

BAE Systems and Rheinmetall have announced that they have agreed to create a joint UK-based military vehicle design, manufacturing and support business.

BAE Systems and Rheinmetall have announced that they have agreed to create a joint UK-based military vehicle design, manufacturing and support business.

The partnership could signal a huge opportunity for Australian businesses seeking to contribute to both the UK's Boxer Vehicle Program, and possibly the LAND 400 program in Australia.

Advertisement
Advertisement

The joint venture announced will be headquartered at BAE Systems' Telford facility in England, and is estimated to sustain over 400 jobs across the UK, as well as "preserve key technology and engineering skills".

“We are committed to evolving our combat vehicles business so that we better serve our customers’ future interests. Joining forces with Rheinmetall in the UK provides renewed purpose for our vehicles business and allows us to deliver products, services and technology that help land forces excel in their vital roles," Jennifer Osbaldestin, managing director of BAE Systems Land UK business said.

"We look forward to working together to ensure the joint venture is a trusted supplier to the British Army and our international customers.” 

PROMOTED CONTENT

Rheinmetall will purchase a 55 per cent stake in the existing BAE Systems UK-based combat vehicles business, with BAE Systems retaining 45 per cent 

“We are excited about the potential the new joint venture holds for Rheinmetall, BAE Systems and ultimately our customers. The combined capabilities of our two great companies will offer our customers a comprehensive portfolio of military vehicles and associated technologies both now and into the future," Ben Hudson, global head of Rheinmetall’s vehicle systems division, said.

"We are proud to invest in the UK and expect to substantially grow the current business and the Telford manufacturing facility over the coming years.”  

The establishment of the joint venture is subject to regulatory approvals that are anticipated to be completed in the first half of 2019.

The joint venture will be known as Rheinmetall BAE Systems Land (RBSL) when the approvals are completed.

The two companies confirmed that the joint venture aims to "play a major role in the delivery of the British Army’s new Mechanised Infantry Vehicle (MIV) and other strategic combat vehicles programs", as well as "managing and growing the existing combat vehicle support business".

UK Boxer team establishes industrial potential for Australia
BAE-Systems-Boxer.jpg
lawyersweekly logo

 

more from defence connect

Sep 25 2020
Consumer calls for ‘ethical manufacturing’ perfect to shift policy dialogue
Growing concerns about global exploitation of cheap labour have seen an increasing number of busines...
Jack Kormas
Sep 24 2020
PODCAST: LAND 129 Phase 3 and supporting sovereign UAS capabilities – Jack Kormas, managing director, Textron Systems Australia
While much of the focus for sovereign industrial capabilities has been for Defence’s big-ticket it...
Raytheon Australia announces team of Aussie SMEs for LAND 129 bid
Sep 24 2020
Raytheon Australia announces team of Aussie SMEs for LAND 129 bid
Raytheon Australia has announced its team of 10 Australian SMEs to deliver a fully sovereign Austra...
FROM THE WEB
Recommended by Spike Native Network