German armsmaker Rheinmetall sets up joint venture with Ukraine to repair and build tanks

German armsmaker Rheinmetall sets up joint venture with Ukraine to repair and build tanks

Panther KF51 main battle tank developed by Rheinmetall. Illustrative photo: 

Latest news Ukraine

The German arms manufacturer Rheinmetall has set up a joint venture with the Ukrainian state-owned company Ukroboronprom to repair the Western-supplied armor and prepare the production of tanks, Handelsblatt reports.

According to Rheinmetall CEO Armin Papperger, the contracts have been signed. The cooperation covers the maintenance and repair of armored vehicles in Ukraine, while in parallel, preparations are being made to build tanks. Previously, Rheinmetall announced its intentions to build a tank factory in Ukraine, and also set up a tank repair hub for Ukraine in Romania.

“Ukraine will benefit from a comprehensive technology transfer as well as a short-term supply of military equipment from Germany,” Rheinmetall CEO Armin Papperger told Handelsblatt.

German arms manufacturer Rheinmetall wants to build a tank factory in Ukraine

Rheinmetall will hold a majority stake of 51% in the new company and assume entrepreneurial leadership. The management will come from Rheinmetall.

Recently, Papperger visited President Zelenskyy in Kyiv to discuss cooperation with Ukraine.

Armsmaker Rheinmetall sets up maintenance hub in Romania for Ukraine weapons – Reuters

Read also:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

Tags: , ,