Rheinmetall to repurpose two German factories to make defence equipment
ReutersFeb 24, 2025 12:27 PM
FRANKFURT/DUESSELDORF, Feb 24 (Reuters) - Rheinmetall, Europe's top ammunition maker, on Monday said it would repurpose two of its automotive sites in Germany to mostly make defence equipment, highlighting the impact of an expected surge in spending in the region amid U.S. tensions over the Ukraine war.
Rheinmetall's defence expansion affects its factories in Berlin and Neuss, where the company currently makes automotive parts, a business that has faced challenges as Germany's carmakers battle high costs and competition from abroad.
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