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French Defense awards Scorpion development contracts worth €752 million

The French ministry of Defense has awarded a development and production contract worth €752 million. Follow-on production of nearly 2,000 armoured vehicles will cost additional €4.2 billion, built jointly by Nexter, Renault Trucks Defense and Thales under the GME consortium.

Renault Trucks Defense to acquire French manufacturer Panhard

enault Trucks Defense, a member of the Swedish Volvo Group’s Governmental Sales business area, announced it is acquiring the French armored vehicle manufacturer Panhard. The transaction is expected to be finalized during the fourth quarter of 2012, following receiving the required approval from the French authorities.

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