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.

Rheinmetall secures $87.3m Puma IFV material supply contract

Rheinmetall has been awarded orders for additional equipment, including spare parts and specialised tools for the Germany military’s Puma infantry fighting vehicle, worth around €54 million ($87.3 million).

Rheinmetall has been awarded orders for additional equipment, including spare parts and specialised tools for the Germany military’s Puma infantry fighting vehicle, worth around €54 million ($87.3 million).

The contract means Rheinmetall has positioned itself as a long-term service partner of the Bundeswehr (German military) for the Puma, a vehicle that will feature in the German Army inventory for many years to come.

Advertisement
Advertisement

Of the total order amount, €10 million ($16.1 million) was already booked in 2019, with the remaining €44 million ($71.1 million) to be booked during the period 2020 to 2022. 

Germany’s Federal Office for Bundeswehr Equipment, Information Technology and Inservice Support (BAAINBw) has contracted with the German defence industry, represented by a project management company, to supply an extensive array of equipment.

As a member of the consortium responsible for developing and producing the Puma, Rheinmetall's share of the order comes to approximately €54 million ($87.3 million).

SPONSORED CONTENT

 

Under a recently signed framework agreement, shipment of the spare parts, worth around €44 million ($71.1 million), is scheduled to begin in mid 2020. Shipments will be in response to call-offs, with the delivery period expected to cover a roughly two-year period.

Delivery of the special tools, which form part of a separate order worth around €10 million ($16.1 million), will also take place during the 2020-2022 time frame.

They will be shipped to Heeresinstandsetzungslogistik GmbH (HIL) and relevant Bundeswehr Technical Centres.

Furthermore, additional materiel requirements can be expected in future.  Delivery of the last of the 350 Puma IFVs ordered by the Germany Army will take place during the course of 2020.

With these vehicles now entering service, the current order for spare parts will assure optimum logistical support and operational readiness.

The mainstay of the Bundeswehr’s “System Panzergrenadier” mechanised infantry capability, the Puma infantry fighting vehicle will play a vital role in the array of modernised equipment earmarked for the Very High Joint Readiness Task Force 2023 (VJTF 2023), the NATO spearhead force that the Bundeswehr will be furnishing.

In summer 2019, contracts were awarded to a working group for the “System Panzergrenadier VJTF 2023” project, with orders worth over €470 million ($760.1 million), including value added tax, going to Rheinmetall.

Rheinmetall secures $87.3m Puma IFV material supply contract
Puma_IFV.jpg
lawyersweekly logo

more from defence connect

John Blackburn AO
Feb 27 2020
INSIGHT: National resilience – John Blackburn AO, Institute for Integrated Economic Research – Australia
On this inaugural episode of Defence Connect Insight Podcast, hosts Phil Tarrant and Steve Kuper are...
Feb 27 2020
Prime Minister Johnson sets deadline for UK defence, foreign policy review
British PM Boris Johnson has billed it as the most significant rethink of the UK’s foreign and def...
Feb 27 2020
US think tank highlights need to restructure allied surface forces
US-based Center for Strategic and Budgetary Assessments (CSBA) has released an analysis of the US N...
FROM THE WEB
Recommended by Spike Native Network