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On one hand you have UK's BAE Systems, the 7th biggest Military Contractor in the world, and Europes Biggest, with around 96% of revenue coming from it's military contracts. BAE Systems is worth around £42 billion
The other hand you have Germany's Rheinmetall, the 19th Biggest in the World, and Europes 5th biggest, with around 75% of revenue coming from it's military contracts. Rheinmetall is worth around £20 billion
And yet BAE Systems sold 55% of it's Land Division to Rheinmetall for around £28.6 million.
Why sell off a whole division to a smaller competitor, makes no sense tbh.
RBSL that so called "Joint Venture" isn't very Jointly 55-45. RBSL It's a German Company, just cause it's in the UK doesn't mean it's British. Ie the Challenger 3 and any other vehicles they makes are German, not British.
Why it wasn't 55 UK 45 German I do not know.
Sad tbh. Ending nearly 100 years of British Tank Design and Development.
submitted by /u/Military-Lion
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The other hand you have Germany's Rheinmetall, the 19th Biggest in the World, and Europes 5th biggest, with around 75% of revenue coming from it's military contracts. Rheinmetall is worth around £20 billion
And yet BAE Systems sold 55% of it's Land Division to Rheinmetall for around £28.6 million.
Why sell off a whole division to a smaller competitor, makes no sense tbh.
RBSL that so called "Joint Venture" isn't very Jointly 55-45. RBSL It's a German Company, just cause it's in the UK doesn't mean it's British. Ie the Challenger 3 and any other vehicles they makes are German, not British.
Why it wasn't 55 UK 45 German I do not know.
Sad tbh. Ending nearly 100 years of British Tank Design and Development.
submitted by /u/Military-Lion
[link] [comments]
Continue reading...
