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Rheinmetall and Lockheed Martin Launch European Missile Venture

5/19/2025

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Summary

Story summary

German defense giant Rheinmetall and U.S. powerhouse Lockheed Martin are joining forces to create a missile production venture in Europe, targeting the production of ATACMS and Patriot PAC-3 missiles. With Rheinmetall seeking a 60% stake, this facility, set to launch in 2027, promises to bolster European security and meet rising demand.

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Story summary

German defense giant Rheinmetall and U.S. powerhouse Lockheed Martin are joining forces to create a missile production venture in Europe, targeting the production of ATACMS and Patriot PAC-3 missiles. With Rheinmetall seeking a 60% stake, this facility, set to launch in 2027, promises to bolster European security and meet rising demand.