FNSS completed the negotiations that had been ongoing for some time with the Ministry of Defence of Saudi Arabia and signed the 2nd Phase M113 Modernization Contract on 18 August 2010. The total amount of the contract is 322.7 million US dollars and the duration of the contract is 36 months. Within the scope of the contract, the modernization of 312 units of M113 vehicles in 9 different configurations and the maintenance and operation of the AUC facility for 36 months where the modernization process is carried out will be ensured through the technology transfer and a comprehensive localisation. In addition, moving and static firing range, vehicle simulators, various after sale service articles, training and warranty services are also covered by the contract. The 2nd Phase modernization contract is deemed as the continuation of the 1st Phase contract covering 300 vehicles and worth 211 million US dollars that was signed in 2007 and expected to be completed in this year.
19 August 2010
FNSS – Saudi Arabia 2nd Phase M113 Modernization Contract has been signed