Rheinmetall

German arms manufacturer Rheinmetall has secured a substantial financial boost from the European Union, receiving over 130 million euros to enhance its ammunition production capabilities. The funding is earmarked for the production of 155 mm ammunition and gunpowder, with projects set to take place in Germany, Hungary, Romania, and Spain.

The government's decision to cancel a deal on the purchase of armoured personnel carriers closed by the previous government in its dying days will cost Slovenia a little more than €4 million, considerably less than the €70 million some initially thought the cancellation would cost.

German arms manufacturer Rheinmetall joined Frankfurt's blue-chip DAX index yesterday, highlighting the improving fortunes of the country's weapons industry as the Ukraine war spurs demand.

In a country still haunted by Nazi atrocities during World War II, Germany's weapons manufacturers were far from the country's most celebrated firms.

Ljubljana – The Defence Ministry said that the 45 Boxer armoured vehicles Slovenia is buying through OCCAR satisfy all technical demands as it responded Friday to a report alleging that equipment had been pared down to hit a low enough price point.

Only “less important technical requirements” were dropped in negotiations for the purchase of the vehicles, the ministry said.

German arms manufacturer Rheinmetall has offered to sell 88 second-hand Leopard battle tanks to Ukraine. The offer apparently includes training in Germany, spare parts and ammunition, according to documents obtained by the DPA.

Greece is backing NATO forces in the Alliance's east wing with light anti-aircraft artillery in line with its commitment to join the NATO Response Force (NRF), which was activated immediately after Russia's invasion of Ukraine, BGNES reported.

Bulgarian Defense Minister Denied the News that Greek military will Strengthen the Army

Bulgaria's Ministry of Defense announced that, on August 5, it had sent formal Requests for Proposals (RFP) to four companies invited to bid to supply armored infantry carriers. These four companies are ARTEC GmbH (Germany), Patria (Finland), Nexter Systems (France) and General Dynamics European Land Systems - MOWAG (Switzerland).

Bulgaria has sent a request to four European countries for proposals for 150 armored vehicles, the defense ministry said on Tuesday, reports Reuters.

The Balkan state, which joined NATO in 2004, has called for bids in a 1.46 billion levs ($836.24 million) tender from Germany, Finland, France, and Switzerland, the ministry said in a statement.

South African authorities say at least eight people have been killed in an explosion at a munitions plant near Cape Town.

Investigators are trying to determine the cause of the blast at the Rheinmetall Denel Munition depot, which shook homes and rattled windows in the area on Monday.

Weapons and munitions manufacturers from Canada, the United States, South Korea and South Africa are considering setting up operations in the Philippines once its first defense economic zone is launched, a senior government official said on June 23. Rheinmetall Denel Munition of South Africa and a unit of South Korea's ST Holdings Co.