Australia’s defense ministry has picked German defense group Rheinmetall for exclusive final talks over a contract to buy its Boxer armored combat vehicles, Rheinmetall said on Wednesday, confirming a report by the Financial Times.

The estimated project volume would be around A$3.15 billion ($2.48 billion) and more than 200 vehicles, it said, adding that delivery would likely start in 2019 and last until 2026.

Source: reuters.com