
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,…

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,…

NATO Secretary General Mark Rutte said in Germany on 27 August that Europe can now produce six times more artillery shells annually than two years ago, with output expected to reach 2 million rounds by the end of this year. Rutte spoke at the opening of Rheinmetall’s artillery plant in Unterluess, described as Europe’s largest…

Rheinmetall has been awarded a contract worth €250 million to deliver maintenance and repair services for tanks in the Czech Republic. The agreement will cover the Leopard 2A4 main battle tank as well as the BPz3 Büffel armoured recovery vehicle. Rheinmetall will be responsible for ensuring these vehicles remain operational as part of the fleet…
European weapons factories are expanding at triple their peacetime rate, a Financial Times analysis of radar satellite data reveals. The rearmament effort spans over 7mn square metres of new development across 150 facilities. The analysis, which used data from the European Space Agency’s Sentinel-1 satellites, tracked changes at sites linked to ammunition and missile production.…
