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.” 

SPONSORED 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

Jul 3 2020
Defence strategy is a good beginning, but there needs to be more support
When viewed in isolation, the recently announced Defence Strategy Update and supporting $270 billion...
Jul 3 2020
Strategist concurs, it is time for Australia to defend itself
Acclaimed defence policy expert Paul Dibb, author of the 1986 Dibb report, has applauded the Prime M...
FROM THE WEB
Recommended by Spike Native Network