Rheinmetall strikes another deal to arm Europe

Rheinmetall is forming a joint venture with Dutch defense company Destinus to “manufacture, market and deliver advanced missile systems,” including “cruise missiles and ballistic rocket artillery,” a Rheinmetall statement said yesterday. ceo Armin Papperger said this venture furthers “the foundations for scalable, operational missiles that are tailored to the current requirements of the European and allied armed forces.” Rheinmetall Destinus Strike Systems is scheduled to start operations later this year and constitutes yet another necessary component of a rising European superpower.