BAE Systems Closes Pinzgauer 1 Production Line

    976

    BAE Systems plans to close the manufacturing facilities at Guildford and Fareham and discontinue production of the Pinzgauer 1, with the potential loss of up to 102 jobs. Development of the Pinzgauer 2 vehicle will be transitioned to the BAE Systems South Africa business. Reviewing current and future potential workload, and the current cost base of the Pinzgauer vehicle, the company decided to end the program, maintaining a core team of about 25 people to support existing users, primarily the Armies of UK and New Zealand.

    BAE will continue the assembly of Pinzgauer 1 and vector vehicles currently on order for the UK Ministry of defense will be completed at the current locations. The Pinzgauer line of business was acquired by BAE Systems in August 2007 as part of the Armor Holdings acquisition. The Pinzgauer proved to be a costly product that consumed expensive production resources that could not fit within BAE’s wheeled vehicle strategy.