Lockheed Martin, Rheinmetall join forces to expand existing cooperation

Lockheed Martin (LMT) and Rheinmetall (RNMBY) have agreed to expand their existing cooperation. An extension of an already existing Memorandum of Understanding from June 2024 has been signed between both partners. Building on their existing partnership, the companies intend to extend the scope of collaboration in order to serve as a European center of excellence for the manufacturing and distribution of various rockets and missiles to enhance the security and self-reliance of Europe. The center of excellence, based in Germany, will be led by Rheinmetall and will primarily operate in Germany and other European countries. The companies have begun working together to identify the best method to establish the center of excellence, and plans of the resulting review will be subject to approval by the U.S. and German governments. Ray Piselli, vice president, International at Lockheed Martin: “This partnership reflects our steadfast commitment to advancing transatlantic security and delivering proven, cutting-edge capabilities to European allies. This is a step toward helping our European customers meet their NATO commitments and by combining Rheinmetall’s deep regional expertise with Lockheed Martin’s advanced missile technologies, we’re creating a powerful foundation to meet evolving security needs. This relationship will strengthen both defense industries and create jobs in the U.S. and Europe.”