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Rheinmetall to Acquire German Naval Shipbuilder NVL
- Rheinmetall agreed to acquire Naval Vessels Lürssen , the military division of the German Lürssen Group, aiming to complete the deal in early 2026.
- The acquisition follows rising defense budgets and demand for naval forces amid heightened security concerns, with regulatory approval still pending.
- NVL, a privately owned shipyard group based in northern Germany, runs four shipbuilding facilities and employs approximately 2,100 people. Over its 150-year history, the company has constructed about 1,000 vessels that have been delivered to more than fifty navies and coast guards worldwide.
- Rheinmetall plans to leverage NVL's order book and shipyards to provide integrated naval systems from platforms to missiles and sensors, forming a vital German naval powerhouse.
- This acquisition marks Rheinmetall's strategic expansion into naval shipbuilding, strengthening its position in European defense and contributing to Germany and NATO's naval capabilities.
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The armaments company is known for tanks and artillery shells. Now it takes over for a billion-dollar shipyards. This may seem strange at first glance – but head of company Papperger has ambitious plans.
·Munich, Germany
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The German armament giant Rheinmetall announced on Sunday evening that he had reached an agreement with the Lürssen shipyard group to acquire its Naval Vessels Lürssen (NVL) military division, and to extend its portfolio to shipbuilding. ...
·Brussels, Belgium
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Coverage Details
Total News Sources78
Leaning Left9Leaning Right8Center17Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 26%
C 50%
R 24%
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