German Arms Maker Rheinmetall Buys U.S. Defence Supplier Loc Performance For $950 Million

German arms maker Rheinmetall, a key weapons supplier to Ukraine, said Wednesday it has acquired US vehicle specialist Loc Performance for $950 million as it moves to boost its presence in the world’s largest defence market.The purchase of the Michigan-based supplier "expands the group’s business with the US military" and "increases its industrial base in the USA", Rheinmetall said in a
German arms maker Rheinmetall, a key weapons supplier to Ukraine, said Wednesday it has acquired US vehicle specialist Loc Performance for $950 million as it moves to boost its presence in the world’s largest defence market.The purchase of the Michigan-based supplier "expands the group’s business with the US military" and "increases its industrial base in the USA", Rheinmetall said in a
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