Rheinmetall Buys Luerssen: Tanks to Ships

Rheinmetall, the German tank giant, is diving into naval shipbuilding by acquiring Naval Vessels Luerssen in a major deal fueled by rising European military spending. This acquisition, expected to finalize next year, will broaden Rheinmetall's defense portfolio, offering high-tech naval solutions and potentially offsetting recent sales dips. The move positions Rheinmetall as a leading European defense tech provider, while NVL gains access to greater resources for larger projects, pending regulatory approval. Hosted on Acast. See acast.com/privacy for more information.