📖 Your Q2 Earnings Guide: Discover the Stocks ProPicks AI Highlights to Jump Post-EarningsRead more

Austria orders 225 PANDUR EVO vehicles for $1.3 billion

Published 21/02/2024, 12:40 pm
© Reuters.

VIENNA - General Dynamics (NYSE:GD) European Land Systems - Steyr (GDELS), a subsidiary of the global aerospace and defense company General Dynamics, has secured a contract to supply the Austrian Armed Forces with an additional 225 PANDUR 6x6 EVO wheeled armored vehicles. The deal, valued at 1.2 billion euros ($1.3 billion), builds upon an existing contract for 100 PANDUR EVO vehicles, with the third batch currently in production.

This latest order from the Austrian military includes a range of vehicle variants designed to enhance the forces' operational capabilities. Among the new additions are vehicles outfitted with a 120 mm mortar combat system, and others prepared for mobile air defense and electronic warfare missions. The contract also covers the provision of conversion kits for various support roles, such as medical and command & control functions.

The PANDUR EVO 6x6, known for its versatility and performance, is manufactured at GDELS' facility in Vienna Simmering. The site is recognized as the national center of excellence for wheeled and tracked protected military mobility. The PANDUR EVO's predecessors have been in service with the Austrian Armed Forces since 1996, and the PANDUR family of vehicles is currently deployed by several countries worldwide, including Belgium, the Czech Republic, Indonesia, Kuwait, Portugal, Slovenia, and the United States.

Antonio Bueno, President of GDELS, expressed pride in the continued partnership with Austria, emphasizing the PANDUR's unique multi-role capability and the economic benefits of the collaboration with local industry partners.

General Dynamics, the parent company of GDELS, employs over 100,000 people in 65 countries and reported revenues of $42.3 billion in 2023. The company is known for its wide range of products and services across multiple sectors, including business aviation, ship construction and repair, land combat vehicles, weapons systems and munitions, and technology products and services.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.