Rheinmetall receives over EUR 130 million in funding from the European Union to increase the production of ammunition. Hence, more than a quarter of the total sum of EUR 500 million awarded by the EU under the Act of Support in Ammunition Production (ASAP) in order to expand the production of 155mm artillery ammunition and powder will be channelled into a total of six projects by Rheinmetall AG's European subsidiaries. The programme will support projects in Germany, Hungary, Romania and Spain.

Rheinmetall receives EUR 130 million from EU to ramp up ammunition production

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Rheinmetall receives over EUR 130 million in funding from the European Union to increase the production of ammunition.