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2mo ago

Rheinmetall and Destinus Announce Joint Venture to Scale European Missile Production

The move signals a shift from small batches to factory‑scale strike weapons in Europe.

Der Luft-Boden-Marschflugkörper Taurus (Symbolbild).
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Der Rüstungskonzern Rheinmetall expandiert und will künftig auch ballistische Raketen bauen. Das Düsseldorfer Unternehmen kündigte am Montag die Gründung eines Joint Ventures mit dem europäischen Raketenbauer Destinus mit Sitz in den Niederlanden an.
Rheinmetall plant mit Destinus ein Joint Venture für Raketen und Marschflugkörper.

Overview

  • The companies announced Monday a planned venture, Rheinmetall Destinus Strike Systems, with a 51/49 ownership split and a target start in the second half of 2026 in Unterlüß, pending regulatory approval.
  • The venture will make, market, and deliver cruise missiles and ballistic rocket artillery by pairing Destinus system designs with Rheinmetall factories, testing infrastructure, and program management.
  • The partners point to rising demand from the wars in Ukraine and the Middle East and forecast hundreds of millions of euros in near‑term sales with potential to grow to the low billions over time.
  • Destinus says it already produces more than 2,000 cruise‑missile systems a year in Europe, supplies Ukraine, and offers the Ruta Block 2 with a range over 450 kilometers and AI guidance that can work without GPS.
  • German production would add capacity alongside Europe’s Taurus Neo preparations and Storm Shadow/SCALP restarts, and the venture plans to sell to NATO countries with the option to involve local partners.