Romania, Rheinmetall to build $622M munitions powder plant

2 hours ago 1
Map of Europe centered on Romania

Romania reached a framework agreement with German defense and technology company Rheinmetall (OTCPK:RNMBF) (OTCPK:RNMBY) to construct a new ignition powder facility valued at $622 million (€535 million), the country’s industry ministry announced Wednesday.

The move comes as European nations continue

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