Group 1 - Rheinmetall has reached an agreement to acquire the military division of Luerssen Group, Naval Vessels Luerssen, to expand into naval shipbuilding [1][2] - The acquisition is part of Rheinmetall's strategy to strengthen its position as a leading supplier of defense technology in Germany and Europe [2] - Rheinmetall aims to address the increasing demand from naval forces and rising procurement budgets with high-performance system solutions and modern digital infrastructure [3] Group 2 - Rheinmetall reported sales of 2.43 billion euros ($2.85 billion) in the three months to June, which fell short of expectations due to delays in German contract awards [4] - Naval Vessels Luerssen (NVL) is a privately owned group with four shipyards in northern Germany and international locations, expecting sales of around 1 billion euros ($1.17 billion) in the 2024 financial year [5] - NVL employs approximately 2,100 people worldwide [5]

Drones are pushing tanks, armored carriers and sometimes even soldiers from the Ukrainian front line. But artillery, the historic battlefield staple, is digging in. https://t.co/971BSJAie7 ...