Lithuania has signed an agreement with German defence company Rheinmetall to establish a new factory in the country, marking a significant development in Lithuania’s defence sector. Lithuanian Minister of the Economy and Innovation, Aušrinė Armonaitė, announced the project, which has...
To read the full article, please log in or enter your email below:
Lithuania has signed an agreement with German defence company Rheinmetall to establish a new factory in the country, marking a significant development in Lithuania’s defence sector. Lithuanian Minister of the Economy and Innovation, Aušrinė Armonaitė, announced the project, which has been designated as a matter of state importance.
“Rheinmetall establishing operations in Lithuania is a significant step towards meeting our country's immediate defence and security needs. It will help us to ensure uninterrupted access to essential weapons and ammunition, as the products that European defence needs will be produced on Lithuanian soil. With an investment of more than EUR 180M, the new plant is also expected to create at least 150 new jobs,” Minister Armonaitė said.
“We are grateful to have been selected by Lithuania as a partner of the defence industry. We are pleased to be able to make a contribution to national sovereignty in the field of ammunition,” said Maximilian Froch, Head of Strategic Programme Organisation International at Rheinmetall AG.
“We at Rheinmetall are very grateful for this long-term partnership with Lithuania. It confirms us once again in our claim to be one of the pillars of national and international security provision,” said Armin Papperger, CEO of Rheinmetall AG.
To facilitate such large-scale defence projects, the Ministry of the Economy and Innovation has proposed legal amendments to streamline territorial planning, land acquisition, and construction processes. These amendments, developed in collaboration with the Ministry of Defence, the Ministry of the Environment, and the Office of the Government, are expected to be adopted by the Lithuanian Parliament during this year's spring session.
The ‘Green Corridor’ initiative, launched by the Ministry of the Economy and Innovation in 2021, supports large-scale investment projects by offering a 0% corporate tax rate for up to 20 years and granting projects state importance status. To date, the Ministry has signed contracts for 14 major investment projects, attracting over €1.25 billion in investment and creating nearly 4,000 jobs.
A German space start-up has completed its first orbital test of a new heat shield concept, potentially marking a shift…
Scoot, the low-cost subsidiary of Singapore Airlines, is ramping up its flight frequencies and increasing passenger capacity across its Asia-Pacific…
Bangkok Airways Public Company Limited and PTT Oil and Retail Business Public Company Limited (OR) have signed a Letter of…
Deutsche Aircraft has selected American Data Solutions (ADS) to provide technical publication management solutions for its next-generation regional turboprop, the…
Mongolia's Hunnu Air has commenced scheduled services using the Embraer E195-E2 aircraft, with its inaugural flight from Ulaanbaatar to Beijing…
The Philippines and South Korea are reportedly close to finalising an agreement for the acquisition of 12 additional FA-50PH Block…
Malaysia's Lumut Naval Shipyard (LUNAS) has confirmed that the second vessel in the Royal Malaysian Navy’s Maharaja Lela-class Littoral Combat…
New Horizon Aircraft, developer of one of the world's first operationally-focused hybrid-eVTOL (electric Vertical Take-Off and Landing) aircraft, announced that…
Rheinmetall and ICEYE signed a memorandum of understanding (MoU) on 8 May 2025, to establish a joint venture (JV) focused…
FLUX GmbH, a Germany-based manufacturer of high-precision encoders, has appointed SEUM Tronics as its distribution partner in South Korea as…
Korean Air and Delta Air Lines will acquire minority stakes in Canadian carrier WestJet, further deepening their respective partnerships with…
The Singapore Airlines (SIA) Group has signed separate agreements with renewable fuel producers Neste and World Energy to purchase Sustainable…
The UK’s Military Aviation Authority has issued a Military Type Certificate to the Royal Air Force’s Protector RG Mk1 uncrewed…
In a decisive escalation of hostilities, India Thursday struck key Pakistani air defence systems in response to a major overnight…
thyssenkrupp Marine Systems has signed a contract with Singapore’s Defence Science and Technology Agency (DSTA) for the construction of two…
Terma and Lockheed Martin have signed a Memorandum of Understanding (MoU) aimed at expanding their cooperation across defence and aerospace…
HENSOLDT has concluded a second round of data collection as part of the European research and development initiative STORE (Shared…
The Emirates Group has reported its strongest financial performance to date for the year ending 31 March 2025, with record…
The Indian Navy is participating at the ongoing IMDEX with its Anti-Submarine Warfare Corvette INS Kiltan, which is part of…
Israeli firm DSIT Solutions Ltd. (DSIT) launched an advanced version of its PointShield System, for detection of manned and unmanned…
Saab Australia (Saab) and ST Engineering have entered into a teaming agreement at the ongoing IMDEX to deliver deployable health…
ST Engineering announced at the recent IMDEX that it has been awarded contracts by MINDEF to deliver a Suite of…
EUROATLAS, headquartered in Bremen, Germany, has debuted a full-scale mockup of its Greyshark Autonomous Underwater Vehicle (AUV), at the ongoing…
In the wee hours of May 7, India executed a coordinated, multi-branch military operation named Operation Sindoor, striking nine terrorist-linked…
ELT Group is participating in AOC Europe 2025, which takes place in Rome from 6 to 8 May. The company…
The inaugural day of the ongoing IMDEX Asia witnessed the participation of two Indonesian Navy (TNI Angkatan Laut – TNI…
ELT Group is showcasing its solutions for protecting naval and maritime assets, enhancing power projection at sea, and contributing significantly…
Saab (Saab Kockums AB) and ST Engineering’s Marine business entered into a Memorandum of Understanding on the inaugural day of…
Rafael Advanced Defence Systems is eyeing regional requirements for its new Typhoon Mk30 C-UAS Remote Controlled Weapon System (RWCS) which…
The 14th International Maritime Defence Exhibition and Conference Asia (IMDEX Asia) has grown dramatically from its modest origins in 1997,…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2025 GBP all rights reserved.