Aug 14, 2024 SOURCE: AFP
Germany's Rheinmetall buys US defence supplier for $950 mn
German arms maker Rheinmetall, a key weapons supplier to Ukraine, said Wednesday it has acquired US vehicle specialist Loc Performance for $950 million as it moves to boost its presence in the world's largest defence market.
The purchase of the Michigan-based supplier "expands the group's business with the US military"...
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