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A memorandum of understanding between Lockheed Martin and Rheinmetall points to European co-production of ATACMS missiles, a move that could reshape how the U.S. prime and its European partner pursue scale, industrial roles, and follow-on procurement.
THE APEX TIMES
THE APEX TIMES
The U.S. defense prime and Germany’s Rheinmetall signed a memorandum of understanding aimed at creating a Europe-based “centre of excellence” for ATACMS manufacturing, integration, and distribution for NATO and allied forces, with production steps targeted for later in the decade.
THE APEX TIMES
The partners say their memorandum of understanding lays groundwork for a joint venture and a “center of excellence” for manufacturing, integration and distribution of ATACMS across NATO and allied forces, with rocket motor and key components planned to start at Rheinmetall’s Unterluess site no earlier than 2027.
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A new government-to-government agreement signed during the NATO Summit’s Defense Industry Forum would examine a dedicated PAC-3 Missile Maintenance Facility in Europe, aiming to improve in-region sustainment for PAC-3 MSE and PAC-3 CRI interceptors operated by multiple allies.
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A new government-to-government agreement would support in-region sustainment for PAC-3 Missile Segment Enhancement and PAC-3 Cost Reduction Initiative interceptors, aiming to reduce downtime and strengthen integrated air and missile defense readiness in Europe.
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The defense contractor said it has entered a definitive agreement to acquire Ultra Maritime, a specialist in anti-submarine technology and electronic warfare, in a transaction valued at about $3.45 billion.
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The defense contractor said it has entered a definitive agreement to acquire Ultra Maritime, a naval systems specialist, from Advent International in a deal valued at $3.45 billion.
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The fund sponsor said the U.S.-Iran conflict developments in late February helped drive a sharp re-rating of defense expectations, and cited Lockheed Martin as a top contributor for the quarter.
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The defense contractor said it has reached an agreement to acquire Ultra Maritime, a naval defense-technology company backed by Advent International, for $3.45 billion.
