Government of Canada announces contracts for recovery vehicles to support the Canadian Armed Forces [Globe and Mail, The (Toronto, Canada)]
RHEINMETALL AG UNSP/ADR (RNMBY)
NASDAQ:AMEX Investor Relations:
rheinmetall.com/en/rheinmetall_ag/corporate_social_responsibility/stakeholder_2/investoren_2/index.php
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Source: Globe and Mail, The
ensuring Canada has a robust military that can defend Canada abroad and protect Canadians. Today, the Honourable Jean-Yves Duclos, Minister of Public Services and Procurement and Quebec Lieutenant, on behalf of the Honourable Bill Blair, Minister of National Defence, announced that 2 competitive contracts have been awarded to Rheinmetall Canada Inc., located in Saint-Jean-sur-Richelieu, Quebec . These 2 contracts are for the acquisition of Enhanced Recovery Capability (ERC) vehicles, equipment and in-service support (ISS). The acquisition contract, with an estimated value of $374 million (including taxes), is for a period of approximately 5 years and will deliver 85 ERC vehicles, 24 armoured cabs, associated ancillary equipment and integrated logistics support. The contract includes options to procure additional vehicles and armoured cabs. The ISS contract, with an initial estimated value of $30.4 million (including taxes), will cover an initial contract period of 8 years, plus
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