GERMAN arms maker Rheinmetall said Thursday it had made an offer for a further shipyard as the influential defence giant deepens its push into naval systems. Rheinmetall had made a non-binding offer to acquire German Naval Yards in the first quarter of the year, it said in a presentation without disclosing the price.
German Naval Yards is currently part of French shipbuilding firm CMN Naval. Another German ship and submarine maker, Thyssenkrupp Marine Systems, had itself made a competing offer for German Naval Yards in January.
Rheinmetall has grown rapidly in recent years as European military spending has surged. The group is also seen as an increasingly powerful political force in Berlin, and has expanded into domains including attack drones and ships beyond the tank guns and ammunition it has traditionally specialised in.
AFP
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