Rheinmetall, Lockheed Martin extend cooperation
Published by Global Banking & Finance Review®
Posted on April 30, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on April 30, 2025
1 min readLast updated: January 24, 2026
Rheinmetall and Lockheed Martin extend their partnership to enhance missile and rocket production in Europe, establishing a new center of excellence.
(Reuters) -Germany's Rheinmetall and U.S. firm Lockheed Martin have agreed to expand their cooperation and extended a memorandum of understanding signed in 2024, they said in a joint statement on Wednesday.
The two defense groups will set up what they call a "center of excellence," led by Rheinmetall, which will manufacture rockets and missiles and will operate in Germany and other European countries, they added.
"Rheinmetall will not only be involved in sales but will also contribute significantly to the production," Chief Executive Armin Papperger said in a statement.
(Reporting by Paolo Laudani, editing by Kirsti Knolle)
The main topic is the expanded cooperation between Rheinmetall and Lockheed Martin to enhance missile and rocket production.
The new center of excellence will focus on manufacturing rockets and missiles.
Operations will be based in Germany and other European countries.
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