Nato member Slovenia is set to procure 45 Boxer 8×8 vehicles as part of its efforts to modernise its armed forces.

The Government of Slovenia, through the European procurement organisation OCCAR, signed a contract with manufacturer ARTEC to procure the vehicles in four variants.

The deal values approximately €281.5m.

The Boxer vehicle is a highly protected 8×8 system and is available in different variants.

There are currently nearly 1,500 vehicles in 20 different versions under contract in Germany, the Netherlands, Lithuania, and the UK. Australia also uses the Boxer vehicle.

With the procurement, Slovenia will become the sixth country to use Boxers. The deliveries are scheduled to begin in 2024 and complete in 2026.

ARTEC is a joint venture (JV) between Krauss-Maffei Wegmann, Rheinmetall Landsysteme, and Rheinmetall Defence Nederland. The JV maintains series production and manages all export issues relating to the Boxer vehicles.

Rheinmetall, 4iG, and the HM Electronics, Logistics, and Property Management PCLS (HM EI) recently signed a preliminary agreement to establish a JV in Hungary.

The JV will operate as a joint defence industrial company, and will focus on delivering digital equipment for Hungary and other Nato member states in Central and Eastern Europe.

Rheinmetall holds a 51% stake in the JV while 4iG and HM EI will own 39% and 10%, respectively.

The JV is scheduled to start operations in the second half of this year.

Earlier this month, Rheinmetall reported its earnings for the first quarter of 2022. Consolidated sales remained flat at €1.266bn in the quarter.