Supacat secures Australian defence contract
Devon-based Supacat has secured a contract to supply high-mobility vehicles to the Australian Defence Materiel Organisation (DMO), after receiving funding from The Royal Bank of Scotland (RBS).
The company will provide 89 of its Mark 2 HMT Extenda vehicles as part of a contract worth AU$105m (£56.9m).
The RBS finance package, arranged in conjunction with UK Export Finance, provided Supacat with funding support to fulfil the contract over a two-year period.
Supacat managing director Nick Ames, said, “This is the first of the Mark 2 HMT Extenda’s to go into production and represents a significant increase in capability in terms of protection, transportability and firepower, while retaining the mobility and versatility for which the vehicle has become well known. We are grateful to RBS for once again showing their support to our business model and allowing this contract to happen which is strategically a positive win.”
In January 2012 Supacat opened offices in Australia to manage Supacat’s activities in the Asia Pacific region which will be responsible for delivering the programme.
