Business

April 22, 2012

General Dynamics, Rheinmetall Defence form tank ammunition joint venture company

General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics, and Rheinmetall Defence of Dusseldorf, Germany, have formed a tank ammunition joint venture company named Defense Munitions International, LLC.

The new company will develop and market new and existing 120mm kinetic energy and multi-purpose cartridges for the U.S. and international tank ammunition markets.

DMI combines the partners’ full range of development, production and sales activities of 120mm tactical ammunition for main battle tanks. By combining their activities in DMI, the two partners aim to broaden their global market access, expand production efficiencies and selectively engage in joint development work. Select cartridge types and 120mm practice ammunition will not be part of this joint venture arrangement.

This forward-looking joint venture is the culmination of the longstanding partnership between General Dynamics and Rheinmetall Defence. For over a decade the two companies have worked together on numerous 120mm ammunition projects, such as the development and production of the KEW-A1 and KEW-A2 advanced tungsten kinetic energy ammunition for Abram’s users worldwide.

Additionally, Rheinmetall has fielded the DM 63 tungsten kinetic energy round for the German Bundeswehr and other NATO users of Leopard tanks. Under the joint venture, DMI will continue these efforts while working to add further improvements to the KEW family. The company will also develop and produce advanced multi-purpose ammunition, leveraging the success of Rheinmetall’s DM 11 cartridge, which was recently fielded by the U.S. Marine Corps in Afghanistan.

As Armin Papperger, member of the executive board of Rheinmetall AG, explains, “This pioneering joint venture is a transatlantic extension of our chosen policy of internationalization. Thanks to DMI, we will be able to respond better to our global customer base’s desire for an increased product portfolio in the future as well as providing an expanded set of services. Our strategic relationship with General Dynamics, a joint venture for marketing and producing tactical tank ammunition, is the logical outcome of over ten years of working together successfully. By joining forces, we aim to take the lead in the global market for tank ammunition.”

Michael Wilson, president of General Dynamics Ordnance and Tactical Systems, said, “We are excited about the creation of this joint venture with Rheinmetall. Our successful partnership over the last decade lays the foundation for this joint venture. Under DMI, we will continue to build upon that success within our existing customer segments while we expand our product offerings, including the Rheinmetall DM 11 multipurpose cartridge, recently fielded by the Marines, which adds another powerful capability to the war fighter’s arsenal.”

 




All of this week's top headlines to your email every Friday.


 
 

 

Pratt & Whitney, U.S. Air Force complete qualification for F135 engine testing

Pratt & Whitney, a United Technologies Corp. , together with its U.S. Air Force partner at the F135 Heavy Maintenance Center at Tinker Air Force Base, Okla., celebrated another significant milestone qualification for F135 engine testing at the Oklahoma City Air Logistics Complex. OC-ALC which in addition to engine testing is also qualified to perform...
 
 

Raytheon begins building critical components for AN/TPY-2 ballistic missile defense radar

The Missile Defense Agency will soon have greater agility and capability in its fleet of AN/TPY-2 ballistic missile defense radars. Raytheon has begun construction of two major sub-components of the AN/TPY-2 under a $53 million contract announced by the Department of Defense on Sept 2. The units Raytheon is building will enable the MDA to...
 
 

Honeywell, Thales to offer next-gen high-speed in-flight connectivity to A350XWB

Honeywell Aerospace and Thales will work together to integrate Honeywell JetWave hardware with Thales cabin network solutions for Airbus A350XWB and other commercial aircraft. The combined offering will give commercial airline operators and their passengers the same connectivity experience in-flight as they would have at home or work ó enabling real-time TV channel viewing, live...
 

 

U.S. Navy awards General Dynamics $16 million for F/A-18 mission computers

General Dynamics Advanced Information Systems, a business unit of General Dynamics, has been awarded a $16.2 million contract by the U.S. Navy to produce Type-3 Advanced Mission Computers for the F/A-18 E/A-18G Super Hornet aircraft. Since 2002 General Dynamics has produced, tested and delivered the F/A-18 AMC, which serves as the nerve center of the...
 
 

Boeing, DLA partnership will improve war fighter logistics support

Boeing has received a $293 million performance-based contract from the Defense Logistics Agency to provide aircraft parts and support that will enable DLA to provide essential logistics support to warfighters more quickly and effectively. Boeing proposed a holistic partnership and transformational approach that fundamentally changes the way DLA and Boeing do business,î said Julie Praiss,...
 
 
NG-people

Northrop Grumman appoints vice president

Northrop Grumman has announced the appointment of Tarik Reyes as vice president, business development for its integrated air and missile defense division in its Information Systems sector, effective immediately. In this new rol...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>