Rheinmetall wins Bundeswehr contract

Rheinmetall AG has won a major service contract from the German Bundeswehr.

Through to 2018, the Group will be responsible for providing contractor support for the complete exercise and training operations for the German Army Training Centre (GAZ) in the Altmark region of Saxony-Anhalt.

As the current service contract with Rheinmetall expires on 31 August 2014, the request for tenders for contractor support covered the four-year period starting September 1, 2014.

Building on the group’s track record in providing contractor support for the GAZ, Rheinmetall’s proposal convinced the Bundeswehr to renew the contract, which has now been signed with Germany’s Federal Agency for Procurement, Information Technology and In-Service Support of the Bundeswehr.

The actual value of the order, which was booked by the Simulation and Technology division of Rheinmetall Defence, will depend on the level of Bundeswehr utilizationduring the entire four-year lifespan of the contract, and could be in the region of€70 million.