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Article: Rheinmetall JV lands euro3.1B order for German APCs

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AP Online
Article date:
July 6, 2009
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The German government has contracted PSM GmbH to build 405 new Puma armored fighting vehicles for the army.

The Federal Agency for Defence Technology and Procurement approved the euro3.1 billion ($4.3 billion) deal with PSM, a joint venture owned by Rheinmetall AG and Krauss-Maffei Wegmann GmbH & Co. KG, the companies said Monday.

The Puma, a tracked vehicle sporting an 30mm cannon in the turret, is designed for rough terrain like that faced by the German troops serving in Afghanistan and can be air-dropped into the field.

"This is an important day for us," Rheinmetall Chief ...

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