The German company wants to produce its Panther tanks and Fox armored vehicles in Ukraine.
Ukraine is looking for the opportunity to produce Western equipment on its territory. Issues related to the launch of weapons production are already being discussed with many companies, in particular with the German concern Rheinmetall. According to a company representative, the technicians are already active in Ukraine, repairing German military equipment fighting at the front.
“The company plans to begin assembly of the Fox armored personnel carrier in Ukraine in the near future and send its components across the border in something called ‘Fox in a Box.’ In the future, Rheinmetall’s ambitions are to produce a new Panther tank and anti-aircraft equipment in Ukraine,” we read in the Wall Street Journal material.
Company CEO Armin Papperger noted that it will be cheaper to produce equipment in Ukraine, given lower labor costs. Papperger expects to conclude a suitable contract with Ukraine early next year for the construction of the Fox wheeled armored personnel carrier and the latest Lynx infantry fighting vehicle.
Rhinemetal
The German concern Rheinmetall produces a number of equipment used by the Ukrainian army on the battlefield. It has long been speculated that the company would open production in Ukraine. The German company is expected to start production of armored vehicles in Ukraine next year, and the first products will appear on the market in the first half of 2024.
In early December, it was reported that the company had received a contract for the supply of artillery ammunition to Ukraine with a total value of approximately 142 million euros. Under the contract, Rheinmetall will produce tens of thousands of 155mm bullets. However, they will not be delivered until 2025.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
