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Rheinmetall and Ukraine's Ukroboronprom form JV to build, repair tanks

Rheinmetall Ukroboronprom Ukraine Handelsblatt

Armin Papperger, CEO of German defense and automotive group Rheinmetall AG poses in front of the company's logo and headquarters following a Reuters interview in Duesseldorf, Germany January 27, 2023. REUTERS/Jana Rodenbusch

Rheinmetall has founded a joint venture with Ukrainian state-owned conglomerate Ukroboronprom to build and repair tanks in Ukraine, the company said on Saturday.

Closing of the agreement to set up the joint venture is scheduled for late June with operations to begin from mid-July.

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