Rheinmetall contract production of TAPV Tactical Armoured Patrol Vehicle for Canadian army 3110123
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Defense Industry News - Rheinmetall
|Wednesday, October 31, 2012, 02:17 PM|
|Rheinmetall contract for production of TAPV Tactical Armoured Patrol Vehicle for Canadian army.|
Rheinmetall AG (XETRA: RHM) and Textron Systems Canada Inc., a Textron Inc. (NYSE: TXT) company, today October 31, 2012, announced that they have signed a €160 million ($205 million CAD) contract for work on the Canadian Forces Tactical Armoured Patrol Vehicle (TAPV) project, performed by Rheinmetall Canada Inc., Saint-Jean-sur-Richelieu, Quebec.
Textron TAPV Tactical Armoured Patrol Vehicle for Canadian army
Rheinmetall Canada will earn €120 million ($152 million CAD) during the TAPV program’s production phase – performing critical engineering and production work at its facility in Saint-Jean-sur-Richelieu, Quebec. The contract includes €40 million ($53 million CAD) Rheinmetall Canada will earn developing Integrated Logistics Support (ILS) products and as the primary in-service support hub for the vehicle fleet during its service life. It also fulfills a portion of Textron’s participation in Canada’s Industrial and Regional Benefits (IRB) Policy arising from the government’s purchase of 500 Textron TAPVs.
The Textron TAPV is the most reliable and technologically advanced vehicle of its kind.
In June 2012, the Textron TAPV Team, led by Textron Systems Canada, was selected to manufacture 500 Canadian Forces Tactical Armoured Patrol Vehicles (TAPV) with options for up to 100 more. The TAPV contract has a value of $603.4 million CAD, with an additional five-year in-service support contract of $105.4 million CAD.
Ottawa-based Textron Systems Canada, as prime contractor, will provide overall TAPV program and configuration management, act as design authority for change management, coordinate vehicle integration activities by Canadian subcontractors, and manage the In-Service Support contract. Textron Systems Canada will also be implementing a pan-Canadian Industrial and Regional Benefits program designed to bring new expertise and opportunities to Canadian companies.
“Rheinmetall Canada is a key TAPV teammate and will remain so as we deliver the TAPV and related economic benefits to Canada,” said Neil Rutter, General Manager of Textron Systems Canada. “In the coming months, we will be signing many more agreements with other best-in-class Canadian suppliers who will help us deliver a fleet of Textron TAPVs that will provide Canadian soldiers with unmatched performance and protection for decades.”
The Canadian Textron TAPV team also includes Kongsberg Protech Systems Canada (London, ON) and EODC – Engineering Office Deisenroth Canada (Ottawa, ON). As the program is ramped up, many other Canadian companies are expected to figure prominently in the Textron TAPV supply chain.
The Textron TAPV is the most reliable and technologically advanced vehicle of its kind. It draws on the company’s more than 45 years of experience in the design and production of armoured vehicles. The Textron TAPV will provide the Canadian Forces with the optimal balance of survivability, mobility and versatility, while delivering outstanding performance in the world’s most challenging environments. Extensively tested to confirm ballistic, blast, mobility and reliability levels, the Textron TAPV has been engineered to meet and exceed Canada’s requirements.
Textron currently employs more than 2,200 Canadians at its Textron Systems, Bell Helicopter and Kautex facilities in Canada. Textron companies have procured approximately $450 million CAD in materials over the past year from Canadian supplier companies.