Lithuania Signs Contract with Rheinmetall for Construction of Arms Plant

Lithuania's Minister of Economy and Innovation, Aušrinė Armonaitė, has signed an agreement with the German military industry giant Rheinmetall to develop a significant arms manufacturing plant. The project involves an investment of €180 million.

Key Details:

Purpose: The construction of the Rheinmetall plant in Lithuania aims to meet urgent defense and security needs. The facility will ensure uninterrupted access to weapons and ammunition by producing them domestically to defend Europe.
Investment and Jobs: Over €180 million will be invested in the new production facility, expected to create at least 150 new jobs.
Production Capacity: The plant is projected to produce tens of thousands of munitions per year.

Statements from Officials:

Aušrinė Armonaitė, Minister of Economy and Innovation: "The construction of the Rheinmetall plant in Lithuania is an extremely significant step towards meeting the urgent defense and security needs of our country. This will help ensure uninterrupted access to the weapons and ammunition we need, as we will be producing them ourselves to defend Europe."
Armin Papperger, CEO of Rheinmetall: "We are grateful for such a long-term partnership with Lithuania. This once again confirms our aspiration to be one of the pillars of national and international security."
Maximilian Froch, Head of Rheinmetall's International Strategic Programs Organization: Froch emphasized the significance of Lithuania choosing Rheinmetall as its partner in the defense industry, highlighting that this will strengthen the country's sovereignty in the ammunition production segment.

Next Steps:

Location Announcement: The location of this major investment project will be announced in the coming weeks.

This partnership is a strategic move to bolster Lithuania's defense capabilities and strengthen its position in the production of military equipment within Europe.