Australia is negotiating its most lucrative defence export deal, with the German army planning to buy hundreds of Queensland-made armoured vehicles as Berlin builds up its military in response to Russian aggression.
Talks over the deal, which could be worth up to $3 billion, are well advanced between the Australian and German governments, and are expected to support thousands of jobs in south-east Queensland and across the broader supply chain nationally.
The first of the Boxer Combat Reconnaissance Vehicles could be delivered to Germany next year.
The Boxers are made by German defence contractor Rheinmetall, which is already supplying 211 Boxer vehicles to the Australian army under a $4.3 billion contract.
But the prospective German contract could have an even bigger production run, with Berlin interested in acquiring several hundred vehicles as part of its €100 billion ($157 billion) spending spree on new weapons.
See full article Australia Financial Review