🚀Another good news from the European arms giant!
Rheinmetall $RHM.DE is expanding its presence in the US market with the acquisition of Loc Performance!
German defense giant Rheinmetall continues its growth and expands into the US market! 🔍
Per 950 million dollars takes over the American military vehicle manufacturer, the company Loc Performance. The move not only strengthens its position in the US market, but also increases its chances of winning lucrative contracts from the US military. 💼
Loc Performance, with more than 1 000 employees and facilities in Michigan and Ohio, specializes in the manufacture of drivetrains, suspension, armor and other key components for military and civilian vehicles. 🚚
Rheinmetall now has its sights set on two major U.S. military programs: XM30, which focuses on the development of a new generation of infantry fighting vehicles, and the Common Tactical Truck (CTT) for the production of tactical trucks. Both programs represent potential contracts worth tens of billions of dollars. 💵
The acquisition comes at a time when Rheinmetall is expanding its production capacity and preparing for key challenges in the US market.
It's incredible the rate at which this German arms company has been growing since the start of the war in Ukraine. In my opinion, its growth is far from over!
What is your opinion of this company and the arms industry in general?
Great, thanks for the tip. I would like to include some stocks from this sector in my portfolio.
For me, this is a very solid company where further growth is rightly expected. For me, this is one of those stocks where even after the current growth and high price, a new investment may be interesting. I have yet to take a closer look at it though :)