Rheinmetall has purchased Stork PWV from its' Dutch parent Stork NV.
"Stork PWV (has been) responsible for the Dutch share of the Boxer programme, which is worth around €500 million and encompasses the development and production of 200 vehicles for the Royal Netherlands Army. Rheinmetall is producing 85 of the 272 vehicles ordered by Germany's Bundeswehr, representing €212 million for the Dusseldorf-based company, which is also in charge of supplying the electronic components in all of the German and Dutch vehicles, generating an additional 60 million in sales."
This means Rheinmetall is now the majority shareholder (64% with the gain of Stork's 50%) in the Artec consortium that builds the Boxer armoured vehicle. This leaves Krauss-Maffei Wegmann (KMW) holding the remaining 36%.
Monday, March 17, 2008
Rheinmetall expands its' influence with new purchase
Wednesday, December 12, 2007
Czechs cancel Pandurs
The cancellation of the Czech Republic's order for Pandur 8x8s is news. It is not, however, totally unexpected. The agreement had been signed during the last weeks of the previous government and selection of a singular APC platform has been questioned. In August, for example, Croatia chose the Finnish Patria vehicle but is receiving a mixture of 8x8 and 6x6 platforms.
Whatever the reason(s) are for the cancellation reported quality issues effecting acceptance of initial deliveries were reasons enough. What will happen? Certainly manufacturer Steyr-Daimler-Puch Spezialfahrzeuge is not going to let a billion dollar contract die without a fight. Expect to hear them come back with a mixed platform offering, at least. Original contract semifinalists Patria and Rheinmetall are bound to be knocking on doors in Prague as we speak.
