Rheinmetall Forms JV With Raytheon for U.S. Army Combat Vehicle Program

Datum : 01/10/2019 @ 11h54
Quelle : Dow Jones News
Name : Rheinmetall AG (RHM)
Kurs : 77.32  -1.52 (-1.93%) @ 17h35
Rheinmetall share price Chart

Rheinmetall Forms JV With Raytheon for U.S. Army Combat Vehicle Program

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By Carlo Martuscelli

 

Rheinmetall AG (RHM.XE) said Tuesday that it has formed a joint venture with defense major Raytheon Co. (RTN) to enter a bid to supply the U.S. army with combat vehicles.

The collaboration will offer the Lynx Infantry Fighting to the U.S. Army's Optionally Manned Fighting Vehicle competition, the German company said.

The two companies worked together to offer the Lynx for the OMFV program in 2018.

The winner of the OMFV program is scheduled to enter the field in 2026 and is expected to replace the Bradley Fighting Vehicle, Rheinmetall said.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

October 01, 2019 05:39 ET (09:39 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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