Rheinmetall Defence and Lockheed Martin to Explore Joint Opportunities in Rocket Artillery Development for Germany

Rheinmetall Defence and Lockheed Martin to Explore Joint Opportunities in Rocket Artillery Development for Germany

(IN BRIEF) Rheinmetall Defence and Lockheed Martin have signed a Memorandum of Understanding (MoU) to collaborate on developing a rocket artillery system for Germany. The aim is to create tailored solutions that utilize existing and proven components produced in Germany. The companies will explore joint opportunities in research and development, production, and other activities. The collaboration is expected to reinforce Germany’s position as a global leader in military technology and enhance its defense capabilities.

(PRESS RELEASE) DÜSSELDORF, 21-Apr-2023 — /EuropaWire/ — Rheinmetall AG (ETR: RHM), a German integrated technology group active in the automotive and defence industries, and Lockheed Martin have signed a Memorandum of Understanding (MoU) to collaborate on developing a unique rocket artillery system for Germany. The system will maximize existing and combat-proven components that are produced in Germany.

The collaboration will explore potential joint opportunities in various areas, including research and development, production, and other activities. The aim is to create tailored solutions that meet the specific requirements of Germany’s rocket artillery needs.

“For us, the letter of intent signed today is an agreement of strategic significance. The combination of Lockheed Martin’s proven capabilities and extensive know-how with Rheinmetall’s experience in fabrication and production opens unique opportunities for both sides”, declares Armin Papperger, chief executive of Rheinmetall AG. “For Germany and Rheinmetall, the agreement offers the chance to secure key technologies and a significant share in the value added chain for Germany.”

By leveraging Rheinmetall’s expertise in defence technology and Lockheed Martin’s advanced capabilities in aerospace and defence, the collaboration is well-positioned to develop a highly capable and reliable rocket artillery system. The companies’ joint efforts are expected to enhance Germany’s defence capabilities and reinforce its position as a global leader in military technology.

The collaboration demonstrates Rheinmetall Defence and Lockheed Martin’s commitment to delivering innovative solutions that support the evolving needs of the defence industry.

“Lockheed Martin looks forward to collaborating and optimizing our combined resources to meet an immediate need for deterrence,” said Lockheed Martin Vice President of Tactical Missiles, Paula Hartley. “This is another step in our partnership with Rheinmetall bringing 21^st Century Security solutions to Germany.”

For additional information, visit our websites:
www.lockheedmartin.com
www.rheinmetall.com

About Rheinmetall

Headquartered in Düsseldorf, Germany, publicly traded Rheinmetall AG is a integrated technology group. With some 28,000 employees at 132 locations worldwide, Rheinmetall is a leading international supplier of defence systems and a driver of forward-looking technological and industrial innovation in the civil sector. A strong commitment to sustainability is an integral component of Rheinmetall strategy. Please follow us on Twitter: @rheinmetallAG

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 116,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Please follow @LMEuropeNews  on Twitter for the latest announcements and news across the corporation.

Media contact:

Oliver Hoffmann
Head of Press and Public Relations
Phone: +49 211 473-4748
Fax: +49 211 473-4157

SOURCE: RHEINMETALL AG