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RHEINMETALL WILL BUY WARSHIP MAKER NVL IN LATEST EXPANSION PUSH

  • NEWS Desk Global
  • Sep 15
  • 1 min read

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Rheinmetall has agreed to buy Luerssen Group's warship division, NVL, as the German defence group seeks to expand in Europe and tap increased military spending across the continent.

The move announced on Sunday by Rheinmetall, Europe's biggest ammunition maker, comes as a long-awaited consolidation in Germany's naval sector picks up speed, with submarine and frigate maker TKMS to be spun off from parent Thyssenkrupp next month.

 
 
 

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