The defense contract also includes the establishment of a new production line in Unterluess, Germany, to meet the increased demand. Rheinmetall’s value has surged due to the rise in orders from Ukraine’s Western allies since the conflict began in 2022.
The company is also planning to build an artillery factory in Ukraine, signifying further collaboration between the two countries.
Additionally, Lithuania has signed a deal with Rheinmetall to build an artillery ammunition plant in the country, highlighting the growing cooperation in the defense sector.
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