In a significant boost to its defense sector, Lithuania has marked a major milestone by signing a crucial agreement with German military industry giant, Rheinmetall AG. This agreement, which solidifies the construction of an ammunition plant in Lithuania, involves an investment surpassing €180 million and is projected to create at least 150 new jobs, signifying […]
Rheinmetall, a renowned player in the defense industry, has received a significant order from an international partner for supplying components of the Fuchs 2 wheeled armoured vehicle. This order, valued in the three-digit million-euro range, was finalized in December 2023 and involves producing the vehicle in the partner country, with deliveries spanning from 2024 to […]
In a significant move to bolster its military capabilities, the Hungarian government has partnered with defence giant Rheinmetall to develop the Panther KF51 tank to production maturity. This collaboration, marked by a contract signing in Zalaegerszeg, Hungary, involves a development contract worth approximately €288 million. Rheinmetall, in cooperation with the Hungarian state-owned holding company N7, […]
Rheinmetall, a Düsseldorf-based technology group, has received a contract worth over €250 million from an unnamed German automaker. Under the contract, Rheinmetall will equip the automaker’s new 900-volt generation of electrically powered vehicles with new switchgear contactors beginning in 2025. Contactors are said to make switching electric vehicles on and off safe and assure riskless […]
Germany’s Rheinmetall has agreed to acquire Spain-based ammunition maker Expal Systems from MaxamCorp. Holding for an enterprise value of €1.2 billion. The acquisition is expected to help the Düsseldorf-based technology firm to expand its presence in Spain. The buyout is anticipated to strengthen Rheinmetall’s key ammunition, weapon, and propellant business following increased capacity in spare […]