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.


 
 

 
Air Force photograph by Joe Davila

Boeing, Air Force demonstrate Minuteman III readiness in flight test

Air Force photograph by Joe Davila Boeing supported the launch of an unarmed Minuteman III intercontinental ballistic missile at Vandenberg Air Force Base, Calif., on Sept. 23, 2014. Boeing supported the U.S. Air Force’s succ...
 
 

Pentagon going to court for refusing to release Sikorsky data

PETALUMA, Calif. – The Pentagon is refusing to release any data on any prime contractors participating in the 25-year-old Comprehensive Subcontracting Plan Test Program. The American Small Business League launched a program in 2010 to expose the fraud and abuse against small businesses the CSPTP had allowed. As a test the ASBL requested the most...
 
 
Northrop Grumman photograph

Raytheon Griffin C flight tests demonstrate in-flight retargeting capability

Northrop Grumman photograph Northrop Grumman has received a contract from the U.S. Marine Corps for low-rate initial production of the AN/TPS-80 Ground/Air Task Oriented Radar (G/ATOR). G/ATOR is the first ground-based multi-mi...
 

 
insitu-scan-eagle1

Insitu announces ScanEagle 2 – the next generation of ScanEagle platform

  From its booth at the Euronaval Exhibition and Conference in Paris, Insitu Oct. 29 announced ScanEagle 2, the next generation of its revolutionary ScanEagle platform. Leveraging lessons learned from more than 800,000 ope...
 
 

DOD, Lockheed Martin announce principle agreement F-35 purchase

The U.S. Department of Defense and Lockheed Martin have reached an agreement in principle for the production of 43 F-35 Lightning II aircraft.  Officials anticipate the Low-Rate Initial Production lot 8 (LRIP 8) contract to be finalized in the coming weeks.  The contract is for fiscal year 2014 with deliveries beginning in 2016. Cost details...
 
 

Boeing delivers Emirates’ 100th 777-300ER

Boeing and Emirates Airline are celebrating the delivery of the airline’s 100th 777-300ER (Extended Range), marking another milestone in a partnership that began over two decades ago when the Dubai-based airline ordered its first 777. With this delivery, Emirates will have 142 777s in operation and is the only airline in the world to operate...
 




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>