DUESSELDORF, Germany (Reuters) -German defence contractor Rheinmetall said on Thursday it plans to sign a preliminary agreement in Hamburg later in the day to build a new ammunition factory in an as-yet unspecified NATO member state.
European states have been boosting arms and ammunition production capacity since Russia’s invasion of Ukraine in 2022.
Rheinmetall last month opened a new ammunition plant in northern Germany, which is set to become Europe’s largest at full capacity, saying at the time that similar factories could be built in other NATO countries.
(Reporting by Matthias InverardiWriting by Ludwig BurgerEditing by Rachel More)
