Rheinmetall, Lithuanian firms reach joint venture deal for artillery ammunition plant
VILNIUS, Dec. 30 (Xinhua) -- German arms manufacturer Rheinmetall and two Lithuanian companies have finalized a joint venture deal for a 155 mm artillery ammunition plant in Baisogala, a small town in northern Lithuania, the Baltic News Service (BNS) reported on Monday.
The 260-million-euro (270.4 million U.S. dollars) project will be implemented in cooperation with state-owned Epso-G Invest, a subsidiary of ene