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Investing.com -- U.S. defense contractor Lockheed Martin (NYSE:LMT) is reportedly in talks with German peer Rheinmetall (ETR:RHMG) to manufacture missiles in Germany, including ATACMS and Hellfire types.
"We are already actively discussing additional manufacturing - including for ATACMS and Hellfire missiles," Dennis Goege, Lockheed’s head of Europe, told German magazine WirtschaftsWoche.
The potential partnership would expand missile production capabilities in Germany, with Rheinmetall potentially manufacturing these American-designed weapon systems locally.
ATACMS (Army Tactical Missile System) are long-range guided missiles, while Hellfire missiles are primarily air-to-surface weapons used on various platforms including helicopters and drones.
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