Rheinmetall plans to establish a joint venture with a Ukrainian partner company to build and operate a new production facility for artillery ammunition in Ukraine, according to an announcement made at the Munich Security Conference. The German ammunition manufacturer intends to own a 51% stake in the new enterprise, with the remaining 49% held by the Ukrainian partner. The venture, named the "Ukrainian Competence Center for Ammunition," will focus on producing a substantial six-digit number of 155mm caliber bullets on an annual basis.
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