The European Union has awarded Rheinmetall, a German arms manufacturer, over €130 million to enhance its ammunition production capabilities across Europe. This funding, part of the EU's ASAP program, is aimed at increasing the production at six of Rheinmetall's facilities located in Germany, Hungary, Spain, and Romania. Notably, €47 million of this grant will be allocated towards the establishment of a new energetic facility in Romania, dedicated to producing propellant and explosives. Additionally, Rheinmetall has plans to initiate at least four new plants in Ukraine, further expanding its production footprint. The company aims to reach an annual production target of 1.1 million shells, bolstering its contribution to the defense sector.
Rheinmetall has received €130 million from the EU to increase production of ammunition and explosives, - the company's press service The funds will be used for six projects at Rheinmetall's subsidiaries in Europe. The German concern plans to produce 1.1 million shells annually… https://t.co/J2AM6w3GFj
Rheinmetall to receive €130 million from EU to expand ammunition production https://t.co/nyEnErPN0r
🇩🇪🇪🇺 Rheinmetall will receive 130 million euros from EU to expand ammunition production. 🇺🇦👀 Also, Rheinmetall plans to launch at least four plants on the territory of Ukraine. https://t.co/2MSzOxe28s
⚡️The European Union has allocated more than €130 million to #Germany’s arms manufacturer #Rheinmetall to increase ammunition production, the press service of the company said in a statement. https://t.co/Sz0uyHg2lZ
🇪🇺🇩🇪🇭🇺🇪🇸🇷🇴 The EU's ASAP program awarded Rheinmetall over €130 million to increase ammunition production at 6 of their facilities in 4 countries. €47 million of that will go towards establishing a new energetic facility in Romania, which will produce propellant & explosive… https://t.co/hQ0j8IGO8y