Lockheed Martin (NYSE:LMT), one of the largest U.S. defense contractors, is reportedly in discussions with German arms manufacturer Rheinmetall (TG:RHM) about producing missiles on German soil. The collaboration would cover systems such as ATACMS long-range tactical missiles and Hellfire air-to-surface weapons.
“We are already actively discussing additional manufacturing – including for ATACMS and Hellfire missiles,” said Dennis Goege, Lockheed’s head of European operations, in comments to the German business weekly WirtschaftsWoche.
If finalized, the partnership would represent a significant boost to Germany’s domestic defense industry, allowing Rheinmetall to locally produce advanced American-designed missile systems.
ATACMS, or the Army Tactical Missile System, provides long-range precision strike capability, while Hellfire missiles are widely used on helicopters, drones, and other platforms for precision air-to-ground operations.
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