DUSSELDORF, Germany, Sept. 4 (UPI) -- Rheinmetall AG's joint venture company in South Africa is to produce 120mm mortar ammunition under a contract worth nearly $68.9 million.
The company, headquartered in Germany, said the unidentified customer is from the Middle East/North Africa (MENA) region. The contract to Rheinmetall Denel Munition South Africa will run for "several years" and will be conducted in partnership with a local company in the customer country.
"... The contract issued by the MENA-customer is the culmination of cooperation between the project participants from the world of vehicles, weapons and ammunition, and fire control technology," Rheinmetall AG said. "Moreover, the order is an important endorsement for the use of Rheinmetall ammunition in the mobile 120mm mortar system, and a significant sign of possible orders to come from other customers in the MENA region.
"Rheinmetall also sees the order as a validation of its strategy of internationalization."
Delivery of the ammunition is set to start in September of next year.
