Raytheon, Rheinmetall to Chase Army Bradley Replacement Program Through Newly Formed JV

Jeff Brody

Raytheon (NYSE: RTN) has formed a joint venture with the defense business of Germany-based Rheinmetall to bid for a U.S. Army program aimed at replacing the military service's Bradley combat vehicle.

Raytheon Rheinmetall Land Systems will be headquartered in the U.S. and aims to formally offer the Lynx armored platform to the service branch by Oct. 1 in an attempt to win the Optionally Manned Fighting Vehicle competition, the Waltham, Mass.-based company said Friday.

Both firms initially unveiled joint plans to pursue the OFMV contract in October of last year.

Raytheon noted it will earmark technology such as the TOW missile, cyber protection and Coyote unmanned aircraft systems for the Lynx offering.

The Army considers the OMFV procurement effort as a priority for the Futures Command structure.

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