German and British defence contractors Rheinmetall and BAE Systems have announced a UK-based joint venture.
Rheinmetall BAE Systems Land (RBSL) is based in Telford in the United Kingdom, with the joint venture focused on the design, manufacture and support of military vehicles.
UK Defence Secretary Penny Mordaunt said: “This announcement is a clear vote of confidence in the UK’s defence industry as a world-leader in designing, supplying and supporting military vehicles. This exciting venture clearly demonstrates how Defence sits at the heart of the prosperity agenda. Its benefits will be felt in the West Midlands and across the UK defence supply chain, creating jobs, boosting exports and guaranteeing our technical skills base into the future.”
The new company was said to be intending to play a major role in manufacturing the Boxer 8x8 armoured vehicle for the British Army, employing 450 people with the potential for hundreds more.
Peter Hardisty, Managing Director of RBSL, said: “RBSL is a new business drawing on the significant strengths and expertise of both BAE Systems Land UK and Rheinmetall. Our employees in Telford, Bristol, and Washington (UK) have a valuable skill set and extensive experience in combat vehicle engineering. With new orders, we shall be able to sustain these capabilities and expand over the coming years, seeking new opportunities in the UK and overseas.”