Rheinmetall begins building ammunition plant in Lithuania

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Rheinmetall Inaugurates Artillery Munitions Factory

Morris MacMatzen/Getty Images News

Germany’s Rheinmetall (OTCPK:RNMBF) (OTCPK:RNMBY) on Tuesday broke ground on a major ammunition factory in Baisogala, Lithuania, marking the largest defense investment in the Baltic nation’s history and expanding NATO’s manufacturing base along its eastern frontier.

The €300 million ($344.6 million) project will produce

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