Rheinmetall, Lockheed Martin extend cooperation
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FILE PHOTO: The logo of Rheinmetall is displayed at the Eurosatory international land and air defence and security trade fair in Villepinte, France, June 17, 2024. REUTERS/Benoit Tessier/File Photo
(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)
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