BETHESDA (dpa-AFX) - Rheinmetall AG (RNMBF.PK), a German automotive and arms
maker, announced Thursday that it has signed a new collaboration memorandum of
understanding or MoU with US aerospace and deterrence company Lockheed Martin
Corp. (LMT) at ILA Berlin.

Under the deal, the two companies aim to collaborate in areas including land,
air and naval forces as well as in simulation and maintenance. They will work
together on rocket artillery systems, laser weapon systems, simulation and
training for land vehicles and helicopters, short-range air defence or SHORAD
and other areas of cooperation.

Ray Piselli, vice president International at Lockheed Martin, said, 'Today's MoU
marks a further step in the development of Lockheed Martin's maturing
relationship with Rheinmetall and will deliver business opportunities for both
companies internationally. I'm excited by the opportunities ahead which will
sustain German jobs, boost exports and enhance the country's technical skills
base well into the future.'

Lockheed Martin has been a partner to the German industry for over 50 years. In
2023, both companies teamed up to develop GMARS, a two-pod multiple rocket
launcher system.



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