Rheinmetall and Destinus to combine forces in new missile systems joint venture
“We must expand the industrial base for modern defence systems in Europe,” CEO of Rheinmetall Armin Papperger said.
“We must expand the industrial base for modern defence systems in Europe,” CEO of Rheinmetall Armin Papperger said.
"We need an interim tank, that is likely going to be a KNDS Germany or KNDS France platform," said French Armed Forces Minister Catherine Vautrin.
Industrial planning depends on first securing a CCA contract and beating out a number of competitors.
Though the tie-up isn't complete, if the deal happens Lockheed would see work done on its HIMARS at a Rheinmetall center in Queensland.
Leonardo said “available cash resources” will finance the acquisition, which is also planned to leverage “the complementary nature of the two companies’ sales networks."
The “tense security situation underpins the promising position of the Group," said the European prime.
Outlining next steps, Rheinmetall said that "the tank will undergo further trials, as it moves towards operational service as the centrepiece of the British Army’s modernisation programme."
The decision reflects a shift in how Sweden’s military looks at air defense.
For ICEYE, the German deal is the latest in a handful of high-profile sales to European militaries as the continent moves out on a collective effort to establish "strategic autonomy" in from the United States in the space domain.
An increased production in munitions from Europe takes the burden off the US while securing Europe's position as a key defense partner, write Michael Kidd and Giana Farry.
Breaking Defense Europe will launch May 4 with Tim Martin and Elisabeth Gosselin-Malo as co-editors.
"Successful tests conducted on the frigate SACHSEN proved the demonstrator’s tracking capability, effectiveness and precision under real operational conditions for the first time in Europe," the announcement says.
The document, dated Oct. 20, and marked as controlled unclassified information, sheds additional light onto the Army's plans to host a new competition.
"Germany, but also Europe ... will grow up to be a reliable partner of the United States," said the head of the country's largest defense firm.