Rheinmetall Denel signs teaming agreement

Pretoria - South African-based Rheinmetall Denel Munition (RDM) and state-owned Indonesian PT Pindad today strengthened their partnership with the signing of a teaming agreement at the African Aerospace and Defence Show (AAD 2014).
   
This follows the signing earlier this year of a non-disclosure agreement and Memorandum of Understanding (MoU) between the two parties.

Norbert Schulze, CEO of Rheinmetall Denel Munition, said the teaming agreement will enable further co-operation between the two companies and encompasses several product groups as well as training requirements.

The two companies will in the months to come, establish working groups to find ways to develop and manufacture products for users in the region.

“This is also the first step in Rheinmetall’s strategy to create a manufacturing hub for South East Asia in Indonesia,”  said Schulze at the signing ceremony.

Sudirman Said, CEO of PT Pindad said the new agreement builds on existing shared synergies – both companies are national strategic manufacturers of large calibre ammunition in their respective countries.

They also possess key technologies and products that can be delivered to the Indonesian defence force and surrounding countries.

“We are looking forward to entering into a long-term relationship which will be of benefit to both companies and to our respective countries,” he added.

- Fin24