RE:ThoughtsLead times for design, development and delivery to market in the automotive industry are relatively long. But once the plans get locked in, it can domino/snowball quickly. Potentially very exciting that Rheinmetall is active in with the US Army CTT concept, but look at the timelines ... and they are not the only competitor.
The Army will begin evaluating the initial prototypes at the start of 2024, according to Friday’s statement. The evaluation results will feed a capabilities development document that will be submitted to the Army Requirements Oversight Council. The council is to make a decision in fiscal 2026 on whether to move forward.
If the Army greenlights the requirements, the plan is to then again open the competition, allowing vendors to submit bids for the engineering and manufacturing development phase, the statement added.
Initial production could total about 5,700 vehicles valued at about $5 billion.