Congress has proposed check here examining what it might Price tag to shore up the U.S. nuclear weapons arsenal in the approaching several years.
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Rheinmetall will individual 51% of a fresh joint venture, with recent Resonant shareholders Keeping the rest, the defense company said in an announcement late Friday.
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This followed a $135-million deal in Oct to build an artillery ammunition manufacturing facility for an unknown Global customer.
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Two crucial components on the company's B-fifty two overhaul work — the motor substitute and radar modernization packages — have seen Price and timetable development.
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A parliamentary report printed in February observed that ammunition stockpiles were a “major” problem for your heads of each of the county’s armed forces providers.
PARIS – Germany’s Rheinmetall is boosting its plant-engineering organization to fulfill growing demand for ammunition factories, using an arrangement to purchase a the greater part stake while in the South African engineering business Resonant Holdings for an undisclosed selling price.