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MarketScreener Homepage  >  Equities  >  Xetra  >  Rheinmetall    RHM   DE0007030009

RHEINMETALL

(RHM)
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Rheinmetall : books €110 million-contract to extend the service life of the Marder infantry fighting vehicle for the Bundeswehr

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01/20/2020 | 04:24am EDT

The Bundeswehr has contracted with Rheinmetall to carry out new measures for extending the service life of the Marder infantry fighting vehicle. In order to maintain the operational readiness of this tracked vehicle, the drivetrain of 71 Marder 1A5 vehicles will be replaced. During the 2020-2023 timeframe, Rheinmetall will be supplying the German military with a total of 78 conversion kits as well as vehicle tool kits and special tools, logistical support, an initial store of spare parts, and training and instruction. The order is worth around

€110 million, including value added tax. The service life extension will maintain and expand the capabilities of the Marder, which the Bundeswehr first fielded in 1971.

As a first step in replacing the drivetrain, a new powerpack will be installed in all of the vehicles, which will boost the Marder's engine output from 600 to over 750 HP. The new powerpack will significantly enhance the tried-and-tested vehicle's responsiveness. Here, the Bundeswehr has opted for a highly advanced, forward-looking new solution proposed by well-known German manufacturers.

Under a comprehensive development contract, the Marder fleet has already undergone significant modernization. For example, the new MELLS multirole lightweight antitank guided missile system has recently been integrated into various versions of the Marder infantry fighting vehicle, while a new driver vision system, a thermal imaging aiming device and a fire detection and extinguisher system have also been ordered. Series contracts have already been awarded for parts of this service life extension, with performance upgrades now reaching the troops.

First and foremost, these service life extension measures are designed to eliminate known obsolescent elements in the Marder. Here, individual measures can be supplied as modular conversion kits and - as part of planned maintenance operations, for example - integrated in order to assure ready availability of the vehicles.

Awarded to Rheinmetall in December 2019, this Bundeswehr order has the potential to lead to more service life extension measures both at home and abroad. Besides Germany, the armed forces of Chile, Indonesia and Jordan all use the Marder infantry fighting vehicle.

As a system developer and supplier, Rheinmetall has immense expertise and experience with the Marder. The weapons system first rolled off the assembly lines of the predecessor of the company now known as Rheinmetall Landsysteme GmbH in Kassel. Extremely reliable and battle tested, the Marder is set to serve as an important asset of Germany's mechanized infantry units for several more years, even though the Bundeswehr is currently taking delivery of the last of 350 Puma infantry fighting vehicles intended to replace it.

Disclaimer

Rheinmetall AG published this content on 20 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2020 09:23:02 UTC

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