Rheinmetall and Lockheed Martin Will Jointly Produce Weapons in Europe for Patriot and ATACMS

The German defense concern Rheinmetall and the American company Lockheed Martin are creating a joint venture for the production of aircraft and missiles, in particular for the Patriot air defense system, in Europe.

Rheinmetall and Lockheed Martin to create joint venture in Europe to produce Patriot weaponsRheinmetall plans to produce missiles and aircraft, in particular for Patriot, in Europe with Lockheed Martin. Investments will reach 5 billion euros, production will start in 2026.

Rheinmetall and Lockheed Martin have decided to create a mixed company for the production of aircraft and rockets in Europe. Rheinmetall will have 60% of this joint venture, which will soon start the creation process. The engine production is planned to start in 2026 and the production of rockets in 2027, with an annual capacity of up to 10,000 units. The total investment in the project is estimated at EUR 5 billion, with a view to full integrat…