Rheinmetall Gets Ammunition Order From Germany for About $1.46 Billion
18 Julho 2023 - 4:50AM
Dow Jones News
By Mauro Orru
Germany ordered some 1.3 billion euros ($1.46 billion) worth of
artillery ammunition from domestic arms maker Rheinmetall,
underscoring the need among members of the North Atlantic Treaty
Organization to replenish their inventories after diverting a
significant part of their stockpile to Ukraine.
Rheinmetall said Tuesday that it had sealed a new framework
contract running until 2029 to supply 155-millimeter artillery
ammunition, including several hundred thousand shells, fuses and
propelling charges. The company also expanded an existing agreement
for DM121 high-explosive shells.
"The framework contracts will help to assure a secure supply of
ammunition to the armed forces of Germany and other NATO nations,
enabling better planning of production processes and optimum
utilization of capacity," Rheinmetall said in a statement.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
July 18, 2023 03:35 ET (07:35 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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