Sign In
Search
Business/Financial

Rheinmetall To Acquire Military Vehicle Supplier Loc Performance, Adding U.S. Production Capacity

Cal Biesecker By
SHARE:
Rheinmetall To Acquire Military Vehicle Supplier Loc Performance, Adding U.S. Production Capacity
Mockup of American Rheinmetall's Lynx concept for the Army's Optionally Manned Fighting Vehicle program at the 2022 AUSA conference in Washington, D.C. Photo: Matthew Beinart.

Germany defense contractor Rheinmetall on Tuesday said it has agreed to acquire Michigan-based Loc Performance Products, a supplier of components and technologies used on military vehicles, a deal that will expand the company’s presence, employee base, and production capacity in the U.S. amid competition for two Army programs estimated to potentially be worth a combined $60 billion. Rheinmetall said the deal values Loc Performance at an enterprise value of $950 million. The transaction is subject to regulatory approval. Rheinmetall, which…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Army

Scarlet Dragon 26.3: Interview With Col. Paul Staeheli, G3, XVIII Airborne Corps, and Col. Tom Monaghan, Director, Joint Innovation Outpost

Army

JIATF-401, Army Establish $7 Billion In Counter-Drone Contracts For Domestic Shield

Army

Hanwha Ups Munitions Investment At Pine Bluff To $2.2 Billion

Army

Army Taps Vulcan Elements For Rare Earth Magnets To Support UAS Component Production

Trending

USAF Awards Raytheon Nearly $21 Billion for AMRAAM Foreign Orders
21 Tranche 1, Transport Layer Satellites Delivered to Vandenberg, Northrop Grumman Says
Defense Watch: Munitions Shortages, IVEWS LRIP, Satellite Infrastructure
Lockheed Martin Vectis To Have ‘Almost F-35 Like Capabilities’
U.S. Space Force Pins Hopes on Space-Based Radar Systems, Northrop Grumman Building GMTI System

Congress Updates

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

Navy/USMC

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume