August 2023 News Global Defence & Security Industry - Military

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Rheinmetall AG has completed its takeover of all shares in Expal Systems S.A.U. of Madrid. First announced last November, the acquisition follows final approval by the relevant authorities. The transfer of Expal S.A.U.’s business activities to Rheinmetall took place on 1 August 2023. Rheinmetall thus continues to expand its position as an important supplier for NATO armed forces, systematically increasing its production capacity especially for artillery, mortar, and medium-calibre ammunition.

The U.S. Department of Defense on July 31 announced that Oshkosh Defense was awarded a $201,519,794 modification to contract W56HZV-23-F-0182 for the Family of Medium Trucks. Work will be performed in Oshkosh, Wisconsin, with an estimated completion date of July 31, 2025. Fiscal 2023 other procurement, Army funds; and Ukraine Security Assistance Initiative funds in the amount of $201,519,794 were obligated at the time of the award. Army Contracting Command, Detroit Arsenal, Michigan, is the contracting activity.

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