Germany: Rheinmetall opens new artillery ammunition factory

Germany's largest arms manufacturer has inaugurated its latest munitions factory, to focus on the 155 mm artillery shells critical to supplying Ukraine. Rheinmetall's stock soared amid Europe's military spending spree. ================================================================ The Rheinmetall arms manufacturer opened a new factory at its existing site in Unterlüss in northern Germany on Wednesday, boasting that once it reaches capacity it could become Europe's biggest munitions production factility. CEO Armin Papperger said that the production of 155 mm caliber artillery shells would be progressively ramped up, to reach 350,000 units per year by 2027. These artillery shells are in particular demand and short supply...