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Earlier this year, Armin Papperger opened a new factory that will allow his company to produce more of an essential caliber of artillery shell than the entire U.S. defense industry combined.
Surrounded that day by dignitaries, including the head of the North Atlantic Treaty Organization, the Rheinmetall RHM -2.21%decrease; red down pointing triangle
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Alistair MacDonald
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Germany’s largest arms manufacturer, Rheinmetall RHM -3.85%decrease; red down pointing triangle
The company is now looking to draw from a pool of workers laid off by the car industry and other big employers to fill the roles needed for its expansion plans, its head of human resources operations said.
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Cristina Gallardo
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Rheinmetall RHM 2.85%increase; green up pointing triangle
The German arms maker and the Romanian defense company signed a deal Monday to form a joint venture, with Rheinmetall holding 51% and Pirochim owning the remainder, Rheinmetall said.
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Cristina Gallardo
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Rheinmetall plans to build an ammunition plant in Latvia, as part of its efforts to ramp up production to respond to increasing demand from North Atlantic Treaty Organization’s member states.
The German arms maker signed a preliminary deal in Hamburg on Thursday for the construction of a new 155mm ammunition factory in the Baltic country, helping Latvia to boost its deterrence vis-a-vis Russia.
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Cristina Gallardo
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