Rheinmetall Group has announced the acquisition of Loc Performance Products, LLC, a U.S.-based military vehicle specialist, as part of its strategy to expand in the world’s largest defense market. The $950 million acquisition strengthens Rheinmetall’s industrial base in the U.S. and positions it for major contracts, including the $45 billion XM30 infantry fighting vehicle program and the $16 billion CTT tactical truck program. Loc Performance, with its advanced manufacturing capabilities and 1.7 million square feet of production space, enhances Rheinmetall’s capacity to support U.S. Department of Defense modernization efforts. The partnership combines Loc’s manufacturing expertise with Rheinmetall’s next-generation technologies to deliver innovative combat vehicle solutions. Rheinmetall CEO Armin Papperger emphasized the importance of the U.S. market, noting the acquisition as a critical step in achieving sustainable growth and increased local value creation.
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