BEML Awards Bumar $275 Million Contract To Supply WZT-3 Armoured Vehicles

Indian Company BEML Limited has awarded Polish Company Bumar with a $275 million contract for the supply of 204 WZT-3 Armoured Recovery Vehicles. The contract was signed by both companies on January 17, 2012. The contract also includesa package for technical support, final assembly, receipt procedures, testing of completed vehicles, as well as technical assistance, which aims to provide BEML with capacity to produce selected components in their own plants. Main contractor Zakłady Mechaniczne Bumar-Łabędy will provide the first batch (8 units) of the WZT-3 vehicles to India in the first quarter of this year. The contract gives plants in Gliwice –in which restructuring process was carried out – stability in every area of activity and structure of the company. This applies both to economic and technical development stability, as well as production area. The contract will be carried out in batches in accordance with the approved schedule. Its completion is scheduled for the end of 2014.