Lockheed Martin and Rheinmetall ATACMS Co-Production

Lockheed Martin and Rheinmetall signed a memorandum of understanding during the NATO Summit Defense Industry Forum in Ankara, Turkey, to establish a joint venture for co-producing ATACMS missiles in Europe. The agreement, supported by the U.S. and German governments, aims to create the first European center of excellence for manufacturing, integration, and distribution of ATACMS across NATO and allied forces. Production will take place at Rheinmetall's Unterluess facility in Germany, with rocket motor and guided missile component production scheduled to begin as early as 2027. Lockheed Martin will continue its existing production line in Camden, Arkansas until the transition is complete. This partnership enhances European defense capabilities and allied deterrence.