Rheinmetall and Destinus: A New Heavyweight for Europe's Rocket Defense

Rheinmetall and the aerospace company Destinus are joining forces to massively ramp up rocket production for Europe and NATO. The two partners are establishing a joint venture that is set to launch in the second half of this year. Under the name Rheinmetall Destinus Strike Systems, the company will focus on the development and manufacturing of state-of-the-art cruise missiles and ballistic rocket artillery. The German defense giant will retain control with 51% of the shares, while Destinus holds 49%. Moving from manufacturing to mass production...