Latvia strikes steel-strong defense pact with Germany’s Rheinmetall

[ad_1] BAKU, Azerbaijan, September 29. On Thursday, September 25, Latvia signed a memorandum of understanding with German protection business chief Rheinmetall AG to construct an artillery ammunition plant in Latvia, Pattern stories.

The signing ceremony was attended by Latvian Prime Minister Evika Siliņa, Minister of Economics Viktors Valainis, State Protection Company (VAK) board member Ingrīda Ķirse, and representatives of Rheinmetall.

The challenge can be applied via a three way partnership and is anticipated to draw greater than 200 million euros in funding. Over the subsequent decade, the plant’s exports might exceed 3 billion euros. Development is scheduled to start in spring 2026, with manufacturing deliberate to start out the next 12 months. Earlier this week, the Latvian authorities accredited the challenge as a part of its technique to strengthen the protection business.

Prime Minister Evika Siliņa emphasised that the settlement displays Latvia’s constant funding in each nationwide safety and allied cooperation.

“This partnership with Rheinmetall permits us to herald lots of of hundreds of thousands of euros in funding, create new jobs, and present Latvian corporations with entry to cutting-edge applied sciences. It strengthens not solely our financial system but additionally our nationwide safety and NATO’s collective protection,” Siliņa stated.

“Latvia is intentionally growing the protection business as a key a part of the financial system. This implies new funding, high-value jobs, and know-how switch that advantages our complete financial system. Our corporations acquire the chance to combine into worldwide provide chains and develop into a part of Europe’s trendy protection ecosystem,” Minister of Economics Viktors Valainis highlighted the broader financial influence.

Protection Minister Andris Sprūds harassed the strategic significance of the challenge, whereas VAK board member Ingrīda Ķirse underlined the accountability entrusted to the State Protection Company, pointing to the mix of Latvia’s nationwide priorities and Rheinmetall’s long-standing industrial experience as the muse for a powerful partnership.

The challenge follows on from Latvia’s first main protection business initiative, the ROLLO modular artillery propellant cost meeting facility. Each initiatives purpose to strengthen Latvia’s industrial base, foster innovation, and deepen integration into the European protection sector.

The memorandum was signed throughout a significant Latvian enterprise delegation go to to Germany, led by Prime Minister Siliņa and Minister Valainis. The mission, involving greater than 180 corporations and organizations, highlights the rising financial and safety ties between Latvia and Germany, combining science, enterprise, and protection business cooperation.

The commerce mission will proceed in Rostock on September 25–26 as a part of the Latvia–Germany Enterprise Day, which brings collectively extra than 250 members to debate points associated to the event of vitality, digitalization, infrastructure, and the protection business.

Earlier this 12 months, the Latvian authorities accredited the Protection Business and Innovation Help Technique 2025–2036, which allocates greater than 200 million euros for protection business improvement, together with enterprise incubation, R&D, product deployment, and large-scale funding initiatives.

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Latvia strikes steel-strong defense pact with Germany’s Rheinmetall

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Latvia strikes steel-strong defense pact with Germany’s Rheinmetall

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