Overview

• Rheinmetall and the Lürssen Group announced an agreement on key terms to transfer NVL, with completion targeted for early 2026 pending antitrust approval.
• Both companies declined to disclose the purchase price.
• NVL brings four northern German shipyards—Peene-Werft, Blohm+Voss, Norderwerft, and Neue Jadewerft—about €1 billion in 2024 sales and roughly 2,100 employees.
• Rheinmetall presents the deal as creating a German naval powerhouse and a cross-domain systems house offering integrated platforms, weapons, sensors and combat-management integration.
• Rheinmetall shares rose about 2.4% in Frankfurt trading after the announcement.