September 10, 2018 | International, Land
COLOGNE, Germany — Australia has signed a contract with Rheinmetall to supply military trucks worth €430 million (U.S. $500 million) to the country's armed forces, the company announced Thursday.
The deal for 1,000 logistics trucks comes on top of a previous order for 2,500 such vehicles, worth €1.2 billion. Deliveries for the new order will begin next year and last until 2024, the German company said.
The latest batch of vehicles stems from the Australian LAND 121 Phase 5B program, which is an extension of the larger 3B segment.
“This follow-up order is of great strategic significance to us, providing an excellent reference for other important international projects,” Rheinmetall CEO Armin Papperger was quoted as saying in the company statement.
“It reflects Australia's satisfaction with our performance and the quality of our vehicles,” he added. “Rheinmetall's latest success in the Asia-Pacific region proves that our products are at the cutting edge of technology, and that the customer see in us a proven and reliable partner, fully capable of carrying out sophisticated large-scale projects.”
The Düsseldorf, Germany-based company currently is Australia's largest supplier of military vehicles, according to the website of the state of Queensland. Rheinmetall is establishing a “military vehicle center of excellence” outside of Brisbane, the state's capital.
That location is slated to be a hub for the Australian military's LAND 400 program, for which Rheinmetall was formally tapped last month to build Boxer wheeled armored reconnaissance vehicles worth €2.1 billion. The award was first announced by the Australian government in March.
There could be yet more business for Rheinmetall in Australia. The next phase of the multibillion-dollar LAND 400 program, which addresses a requirement for new infantry fighting vehicles, began with the release of a tender in late August. Rheinmetall is expected to put forward its Lynx vehicle.
Companies have through March 1, 2019, to submit bids.
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By: Vivek Raghuvanshi NEW DELHI — After 13 years of a punitive suspension from carrying out defense business in India, the country's Ministry of Defence has officially withdrawn South African company Denel from its blacklisting. The ban was recently lifted following a May 2018 judgement by the Supreme Court, which dropped all corruption changes against the defense company, according to an MoD official. Denel, who is ranked 84 on this year's Defense News Top 100 list, was one of the prime contenders for small arms, ammunition and artillery programs in the 1980s in India. The blacklisting was also lifted following a personal request from South African President Cyril Ramaphosa to Indian Prime Minister Narendra Modi during a July meeting in Johannesburg. A few months earlier in April, India's national investigation agency, the Central Bureau of Investigation, had filed the closure report on the corruption case against Denel in the Supreme Court. Another MoD official said the South African company waived a $100 million penalty that was imposed on the MoD by the Supreme Court following arbitration proceedings. Denel was blacklisted in 2005 by the then-United Progressive Alliance-run government over allegations that the company paying kickbacks to secure a deal from the year 2000 for the Indian Army's global tender to purchase of 1,000 NTW-20 anti-materiel rifles along with 398,000 rounds of ammunition. Under the deal, 700 anti-materiel rifles were to have been purchased directly and the remaining 300 rifles produced under license in one of the factories of the state-owned Ordnance Factory Board, out of which only 400 rifles were inducted; the remaining were put on hold. https://www.defensenews.com/industry/2018/09/14/india-lifts-blacklisting-of-south-african-defense-firm-denel