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Lockheed Martin and Rheinmetall are teaming up to co-produce the ATACMS missile system in Germany, with the agreement backed by the US and German governments. The partnership aims to establish a joint venture for the production of the ATACMS missile in Europe. This collaboration is a significant development in the defense industry, particularly in the context of NATO and European security.
Germany will be the first international site for the production of ATACMS missiles, addressing a production bottleneck. Lockheed Martin is partnering with Rheinmetall to establish the production site. The move will prioritize the production of newer missiles.