Tag: Armin Pappeger
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The German defence group Rheinmetall, based in Düsseldorf, has agreed to acquire Naval Vessels Lürssen (NVL), the military shipbuilding arm of Lürssen Group in Bremen. The purchase price was not disclosed, and the takeover is expected to complete in early 2026 once relevant antitrust approvals are secured. NVL, separated from Lürssen’s yachting business in 2021,…
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Rheinmetall has inaugurated a new munitions factory in Unterlüss, Germany, 18 months after laying the first stone, with NATO chief Mark Rutte in attendance. The Lower Saxony government expedited permits, and nearby allotment gardens were cleared to make way for the site. The plant is designed to produce hundreds of thousands of artillery shells annually,…