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flag Rheinmetall to build a 155mm shell plant in Latvia with 275M euro investment, creating 150 jobs.

flag Rheinmetall, Europe’s largest ammunition producer, has signed a preliminary agreement to build a 155mm artillery shell plant in Latvia with a 275 million euro investment, creating around 150 jobs. flag The joint venture, with Rheinmetall holding 51%, aims to boost regional defense capacity and meet rising demand from NATO allies, the German military, and Ukraine. flag This follows similar expansions in Germany, Lithuania, Romania, Bulgaria, and plans for Ukraine. flag The company reported record first-half 2025 sales of 1.32 billion euros, reflecting strong global demand driven by the war in Ukraine. flag Rheinmetall aims to produce 1.5 million shells annually by 2027 and is diversifying into warship construction through acquisitions and partnerships.

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