Germany-based Rheinmetall has signed contracts with two unnamed European Nato customers for the delivery of 40mm ammunition.
The contracts are valued at more than €30m. The latest orders expand Rheinmetall’s strategic position in the European market.
The first European Nato customer has signed a framework contract to deliver up to 300,000 rounds of 40mm ammunition.
The company will also supply low velocity (LV) and high velocity (HV) ammunition variants.
In addition, Rheinmetall has already received a first call-off of approximately 75,000 cartridges from the customer.