German defense company Rheinmetall is building a factory for artillery shells in Lithuania. The goal is to strengthen the defense capabilities of the Baltic region and Europe.
Breakdown
- Construction has started on a Rheinmetall ammunition factory in Baiso Gala, Lithuania, to produce 155mm artillery shells. 4s
- The project aims to enhance defense capabilities in Lithuania, the Baltics, and Europe, addressing logistical challenges by localizing production. 15s
- Rheinmetall is investing €300 million and creating 150 jobs, reflecting Germany's long-term strategic commitment to Lithuania. 47s
- Germany recently opened a Bundeswehr logistics center in Rukla and plans to station a full brigade in the Baltics within two years. 1m 36s
- The war in Ukraine has driven increased defense spending in Western countries, with Rheinmetall expecting significant revenue growth. 2m 53s