Bohemia Interactive Simulations (BISim), a wholly-owned subsidiary of BAE Systems (LON: BA), and Rheinmetall AG (ETR: RHM), a leading supplier of military technology, have announced a strategic partnership aimed at enhancing defense simulation technologies. This collaboration seeks to develop advanced simulation solutions for modern combat training, a major focus for both companies.
Both stocks are trading up today, with BAE up 1.39%, and Rheinmetall's share price an impressive 3.57% gainer through the early part of the session.
BISim's flagship products, VBS4 and Blue IG, will be integrated into the “Heavy Infantry Weapons Carrier” project. This project is geared towards training the German Army's Medium Forces, providing them with state-of-the-art simulation experiences. Rahul Thakkar, President of BISim, emphasised the partnership's mission to empower soldiers with decision dominance on the battlefield.
Bartek Panasewicz, Head of System Technology Training Systems at Rheinmetall, highlighted the significance of offering realistic and customized training solutions. Rheinmetall AG, headquartered in Düsseldorf, has been a prominent figure in the defense sector since its founding in 1889. The company employs around 30,000 people globally and reported sales of €7.2 billion in 2023. Moreover, Rheinmetall's inclusion in the DAX40 since March 2023 underscores its status in the market.
BISim, known for training hundreds of thousands of military personnel annually, is poised to leverage its high-fidelity VBS software further through this partnership. The collaboration is expected to deliver cutting-edge training modules that align with modern combat requirements and technological advancements.
The partnership between BISim and Rheinmetall AG marks a significant step forward in the field of defense simulation technologies, promising more realistic and effective training solutions for military forces worldwide.
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading or investing in financial markets. Dive in and test their capabilities with complimentary demo accounts today!
- XTB UK regulated by the FCA – Read our Review
- Admiral Markets More than 4500 stocks & over 200 ETFs available to invest in – Read our Review
- BlackBull 26,000+ Shares, Options, ETFs, Bonds, and other underlying assets – Read our Review
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY