German arms company Rheinmetall and Italy’s Leonardo will build the Panther KF51 Main Battle Tank for the Italian Army via a new company in addition to building a thousand variants of the Lynx Infantry Fighting Vehicle.
The order is for a turnkey factory that will become a ‘Ukrainian Centre of Excellence for Ammunition’ to be operated by a Rheinmetall joint venture with a Ukrainian state-owned company, that will begin production within 24 months to manufacture hundreds of thousands of rounds of artillery ammunition per year.
German politicians voiced their outrage on Friday after a CNN report detailed an alleged Russian plot to assassinate the head of German arms maker Rheinmetall, Armin Papperger, as a Kremlin spokesman denied any involvement from Moscow.
The Bundeswehr says it plans to commission up to 6,500 Unprotected Transport Vehicles over the next seven years, with an agreement for the production and production of transport vehicles in the load classes 3.5 tonnes, 5 tonnes and 15 tonnes by the Rheinmetall MAN Military Vehicle (RMMV) GmbH company in an order that could be worth up to EUR 3.5 billion.
Economy Minister Aušrinė Armonaitė said Rheinmetall would invest more than €180 million ($195 million) in the new plant, which is expected to produce 155-millimetre artillery shells. Rheinmetall is already active in Lithuania, operating a maintenance centre with defence company Krauss-Maffei Wegmann in the country since 2022. The facility maintains combat vehicles used by NATO combat units stationed in the region, as well as Leopard 2 battle tanks given by Germany to Ukraine.
The CBI has asked the Delhi High Court to set aside the trial court order discharging Rheinmetall and three individuals on corruption charges and revive an arrest warrant against a former employee of the company.
Facing a row because of ties to the South African Gupta family, Denel resurfaced in India as an exhibitor at DefExpo 2016 after years of blacklisting.
Unsurprisingly, India’s two largest defense suppliers are also the biggest exhibitors at the show. Israel has taken up the most space at the show with 1,293 square meters and Russia brings the largest number of companies to the show, with the count at 37.
