German military giant to build ammunition plant in Baltic state ...News

Economy by : (Russia Today) -
The facility will boost Lithuania’s defense sector, according to Rheinmetall German arms manufacturer Rheinmetall has struck an agreement with Lithuania’s government to build a new ammunition factory in the Baltic state, according to a statement the company released on Monday. Lithuania has touted the deal as another step towards strengthening its defense sector, adding that the project has been granted the status of state importance. Lithuanian Economy Minister Ausrine Armonaite said Rheinmetall would invest more than €180 million ($195 million) in the new plant, which is expected to produce 155-millimeter artill

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