Series production contract worth 570 million awarded for TAURUS KEPD 350
Series production contract worth 570 million awarded for TAURUS KEPD 350
Keywords: Contracts, Aerospace industry
Following the positive decision recently taken by the German Bundestag, the Federal Office for Defence Technology and Procurement (BWB) today awarded a contract worth a total of 570 million to TAURUS Systems GmbH for “production investment, series production and the establishment of logistic supportability”for the precision stand-off guided missile system TAURUS KEPD 350. This guided missile system is planned as armament for the German Luftwaffe’s combat aircraft Tornado IDS and Eurofighter/Typhoon – the latter in its air-to-ground role.
From mid-2004 up to 2009, a total of 600 missiles are to be delivered. In addition, the scope of the contract covers the manufacture of all logistic equipment and documentation required to bring the missile into operational service and also training courses for personnel. For this purpose a further 14 training missiles are to be built.
TAURUS Systems GmbH, which has its registered offices in Schrobenhausen, is the prime contractor with overall system responsibility for TAURUS KEPD 350. It is a subsidiary of LFK, who have a two-thirds stake, and the Swedish company Saab Bofors Dynamics, who have a one-third stake. Further to this, approximately 45 medium-sized companies will be participating in the production investment and series production phases of TAURUS KEPD 350. Contracts are due to be concluded with the subcontractors shortly. A number of companies located in Germany’s new Laender are also shortlisted. In all, approximately 700 high-tech jobs will be secured in the medium term through the series production contract for TAURUS KEPD 350.
