Rheinmetall will take time to ramp up planned ATACMS missile production with Lockheed Martin. The US Army has used up much of its global stockpile of long-range precision missiles during the conflict with Iran, raising concerns about military readiness.
Rheinmetall signed a memorandum of understanding with Lockheed last month to jointly produce Army Tactical Missile Systems, or ATACMS, at Rheinmetall’s Unterluess plant in northern Germany.
CEO Armin Papperger expects the joint venture to generate its first revenue in 2028 and believes there will be a market for missiles for the next 15 years. The company also expects a multibillion-euro contract to supply Boxer armored vehicles to the German military to be signed by year-end.
