Lockheed Martin Strengthens European Defense Ties Amid EU Push for Local Procurement

Published 10 hours agoLMT

Lockheed Martin Strengthens European Defense Ties Amid EU Push for Local Procurement

Lockheed Martin is stepping up its partnerships in Europe as the European Union pushes for increased local defense procurement. In a significant move, Lockheed Martin and Rheinmetall have extended their cooperation to establish a new 'center of excellence' focused on the production of rockets and missiles. This facility is set to operate within Germany and across other European regions, aiming to enhance local manufacturing capacities, as reported by Reuters.

In addition to manufacturing collaboration, Lockheed Martin has secured deals with European countries like Poland and the Netherlands for the purchase of JASSM-ER missiles through the U.S. Government’s Foreign Military Sales (FMS) program. This integration underscores the continuing use of U.S. defense technology within European military arsenals. Furthermore, through its venture capital arm, Lockheed Martin Ventures, the company is increasing investments in European defense startups to boost innovation and enhance the region's defense industrial base, according to information shared by Lockheed Martin.

These strategic moves are in line with the EU's goals to diminish dependence on non-European defense suppliers, thereby promoting local procurement and advancing Europe’s defense autonomy. Lockheed Martin's involvement with initiatives like the European Defence Industry Programme (EDIP) highlights its commitment to supporting the enhancement of the continent's defense capabilities by engaging in joint procurements and industry investments.

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