Lithuania has signed an agreement with German defence company Rheinmetall to establish a new factory in the country, marking a significant development in Lithuania’s defence sector. Lithuanian Minister of the Economy and Innovation, Aušrinė Armonaitė, announced the project, which has...
To read the full article, please log in or enter your email below:
Lithuania has signed an agreement with German defence company Rheinmetall to establish a new factory in the country, marking a significant development in Lithuania’s defence sector. Lithuanian Minister of the Economy and Innovation, Aušrinė Armonaitė, announced the project, which has been designated as a matter of state importance.
“Rheinmetall establishing operations in Lithuania is a significant step towards meeting our country's immediate defence and security needs. It will help us to ensure uninterrupted access to essential weapons and ammunition, as the products that European defence needs will be produced on Lithuanian soil. With an investment of more than EUR 180M, the new plant is also expected to create at least 150 new jobs,” Minister Armonaitė said.
“We are grateful to have been selected by Lithuania as a partner of the defence industry. We are pleased to be able to make a contribution to national sovereignty in the field of ammunition,” said Maximilian Froch, Head of Strategic Programme Organisation International at Rheinmetall AG.
“We at Rheinmetall are very grateful for this long-term partnership with Lithuania. It confirms us once again in our claim to be one of the pillars of national and international security provision,” said Armin Papperger, CEO of Rheinmetall AG.
To facilitate such large-scale defence projects, the Ministry of the Economy and Innovation has proposed legal amendments to streamline territorial planning, land acquisition, and construction processes. These amendments, developed in collaboration with the Ministry of Defence, the Ministry of the Environment, and the Office of the Government, are expected to be adopted by the Lithuanian Parliament during this year's spring session.
The ‘Green Corridor’ initiative, launched by the Ministry of the Economy and Innovation in 2021, supports large-scale investment projects by offering a 0% corporate tax rate for up to 20 years and granting projects state importance status. To date, the Ministry has signed contracts for 14 major investment projects, attracting over €1.25 billion in investment and creating nearly 4,000 jobs.
South Korean armoured vehicle manufacturer Kovico is participating for the second time at the ongoing IDEX. Speaking to Daily News,…
Indonesian airframer PT Dirgantara Indonesia (PTDI) is participating at the ongoing IDEX with an eye on the Middle East market.…
Edge Group, Kintsugi Holding, and the Abu Dhabi Civil Defence Authority (ADCDA), the government entity responsible for fire safety, emergency…
Russian Helicopters is showcasing the newest version of its firefighting helicopter, the Ka-32А11М, at the ongoing IDEX. Russian Helicopters is…
Galvion has received several recent orders from the Middle Eastern region for a total of 35,000 Baltskin helmet systems. The…
A T-90MS Main Battle Tank (MBT) developed and manufactured by Uralvagonzavod for the United Arab Emirates is on display at…
The Korean automaker is displaying a military variant of the Kia Tasman, the automakers first pickup truck, at the ongoing…
UAE's Edge Group is expanding its global foootprint and has signed a series of partnership agreements with international companies at…
Notwithstanding the fact that the United States' arms exports to the Middle East have decreased over the last few years,…
The inaugural day of IDEX and NAVDEX 2025 saw the announcement of 13 deals worth AED 3.97 billion. The contracts were signed…
Turkish Aerospace is displaying a full-size mockup of its Hurkus turboprop trainer at the ongoing IDEX, with the intent to…
Qatar-based Barzan Holdings, which has grown rapidly since its inception in 2016 to become a leading global defence technology company,…
Terma will supply its command-and-control software, BMD-Flex, as part of Slovakia's newly acquired Barak MX Integrated Air Defence System. The…
Russia's Kalashnikov is showcasing small-class and medium-class KUB-2-E guided loitering munition for the first time at the ongoing IDEX. The…
Electronic attack solutions that are designed to deliver advanced electromagnetic countermeasures for both airborne and land-based applications, next-generation ELINT configuration…
Now underway, the International Defence Exhibition (IDEX 2025)/ Naval Defence and Maritime Security Exhibition (NAVDEX 2025) has garnered unprecedented global…
ATERMES, which has seen its advanced surveillance solutions being adopted by countries such as Iraq for critical area protection and…
Turkish land systems firm FNSS is presenting its TEBER-II 30/40 TMT (Two-Man Turret) for the first time at the ongoing…
Edge Group is showcasing its growing portfolio of battlefield disruptors at the ongoing show. The Group’s portfolio of advanced weapons…
Embraer of Brazil is seeking a greater foothold in the region and is promoting two of its important defence platforms…
South African defence firm Denel is eyeing a greater share of international defence markets with its presence at the ongoing…
At the ongoing IDEX, Boeing is showcasing its offerings designed to support the defence modernization and mission readiness of its…
AMMROC, the UAE-based industry leader in aviation MRO services and integrated logistics support and Marshall, are working to develop a…
ADNEC Group has established the the first global platform that brings together leaders, experts, decision-makers, and companies to develop defence…
Embraer has officially begun the structural assembly of the first C-390 Millennium for Austria. An official ceremony was held at…
Türkiye’s defence major Aselsan has brought artillery and mortar systems, smart munitions, ground-penetrating radar, and naval defence solutions to IDEX…
AMMROC, a provider of maintenance, repair, and overhaul (MRO) services in the region, will participate in IDEX 2025 to showcase…
Indra, which has formed a joint venture with EDGE, will showcase the AESA Nemus and Nemus-C radars, among with its…
HENSOLDT has secured a contract extension valued at approximately 350 million euros for the development of the Eurofighter Mk1 radar.…
SITA has introduced a new global messaging platform, SITA ATC Connect, designed to facilitate communication between airlines, airports, ground handlers,…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2025 GBP all rights reserved.