PRESS: BAE Systems Loses Out On USD3.9 Billion Australia Contract

14th Mar 2018 06:57

LONDON (Alliance News) - German arms company Rheinmetall Landsysteme has beaten BAE Systems PLC to a USD3.9 billion contract to supply vehicles to the Australian armed forces, the Financial Times reported on Wednesday.

BAE would have supplied more than 200 combat reconnaissance vehicles to Australia as part of a AUD200 billion upgrade to the country's military hardware.

https://www.ft.com/content/7ebc8930-2731-11e8-b27e-cc62a39d57a0?segmentId=080b04f5-af92-ae6f-0513-095d44fb3577

The AUD5 billion contract will be delivered by Rheinmetall Defence Australia, a wholly-owned subsidiary of Rheinmetall AG, which is based in Dusseldorf, dpa reported.

The deal is the largest single purchase ever made for the Australian Army, the country's prime minister, Malcolm Turnbull, said.

He added: "This is about lethality and survivability. This is about capability and protection and the Boxer Combat Reconnaissance Vehicle bridges that all together."

The Boxer CRV armoured vehicle was described as a "Swiss army knife" by Rheinmetall's Head of Vehicle Systems.

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