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Danish Company enters agreement with American Defense Company

11.16.2017  19:56

The Danish company Hydrema just signed an agreement with American General Dynamics European Lands Systems (GDELS) about the final mounting of the new armoured personnel carriers for the Danish Military. The Danish Defense bought 308 armoured personnel carriers – Piranha 5  bought 290 armoured personnel carriers – Piranha 5 – from GDELS, who is a member of the Danish-American Business Council, and their Swiss subsidiary Mowag in 2015.

The five-year contract worth 4.5 billion Danish kroner (710 million dollars) will entail increased activity for Hydrema in the Danish town Støvring in Jutland. It is too early to make predictions about increased employment, Hydrema states in a press release. Falck-Schmidt Defense Systems, the previously expected contractor, estimated an increase of 200 new jobs.



“This is the first step in a hopefully long lasting strategic collaboration between GDELS, Mowag and Hydrema. Obviously we are proud to be chosen for the contract. With the close connection Hydrema already has with the Danish Military it makes a lot of sense to collaborate with GDELS and Mowag and expand our portfolio with the Danish Military’s Defense Acquisition and Logistics Organization,” Hydrema’s president Jan Werner Jensen says.

A part of the obligation of countertrading was originally bound for Falck-Schmidt Defense Systems, but after the Danish company declared bankruptcy in October earlier this year, it was uncertain where the final mounting would take place. This new agreement ensures that Danish forces will take first deliveries of Piranha 5 in the second quarter of 2018.

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