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Article: germany : Rheinmetall joint venture secures euro3.1B order to build 405 armored vehicles for German army.

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TendersInfo
Article date:
July 7, 2009
Copyright

Byline: rakshali03

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 Executive Klaus Eberhardt said in a ...

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