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Investing.com -- German defense company Rheinmetall (ETR:RHMG) and U.S. startup Anduril Industries announced a partnership to jointly develop and produce defense systems for Europe, as the continent increases its security spending.
The collaboration will initially focus on creating European variants of Anduril’s Barracuda missiles and Fury autonomous air vehicle, integrating them into Rheinmetall’s digital sovereignty framework, the companies said Wednesday.
Both firms will also look into opportunities for solid rocket motors for Europe using Anduril’s production methods.
The systems will be jointly developed and manufactured by the two companies, working with suppliers and industrial partners across Europe.
This partnership builds on previous collaboration between Rheinmetall and Anduril, with plans to expand into additional areas over time.
The alliance represents the latest trans-Atlantic defense partnership as European nations work to increase their security investments.
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