Grand Alliance: New European Base to Produce Missiles and Air Defense Systems

The two companies said their short-term goal is to establish a joint venture in which Rheinmetall will hold a majority stake, creating a new European base for the production of missiles and air defense systems. This marks one of the most significant new alliances in the global defense industry and comes at a time when European countries are rapidly increasing defense spending following the war in Ukraine and growing security challenges worldwide, according to