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3h ago

Rheinmetall Unveils €1 Billion Plan for Bulgarian Munitions Plant, Contracts Expected Within Weeks

The announcement highlights Europe’s drive to rebuild artillery capacity, reflecting Rheinmetall’s accelerated shift to large-scale output.

Ein Rheinmetall Mitarbeiter hält ein Panzergschoss in den Händen.
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Overview

  • Rheinmetall said it intends to invest about €1 billion through two joint ventures to build a factory in Bulgaria to produce NATO‑spec 155‑millimeter ammunition.
  • The company stated detailed terms will be released after signatures, with contract signing targeted within the next three weeks.
  • Bulgarian party leader Boyko Borissov reported meeting CEO Armin Papperger to discuss the project as the plan advances.
  • A separate new munitions plant in Unterlüß, Lower Saxony, is set to open on Wednesday with officials including Lars Klingbeil, Boris Pistorius and NATO’s Mark Rutte expected.
  • Rheinmetall plans to ramp 155‑mm output from about 25,000 rounds this year at Unterlüß to 350,000 in 2027, aiming for 1.5 million across sites, while a Cologne protest camp won court approval to proceed with non‑violent activities.