Rheinmetall and Turkish defence contractor MKEK have signed a memorandum of understanding paving the way for extensive cooperation between the two groups. The partners plan to establish a joint venture in Turkey whose mission will be the development of new forward-looking products in the field of weapons systems and munitions.
Operational management of the new company, to be known as “Rheinmetall MKEK Technologies”, will be organized by Rheinmetall. Besides joint development of new products, MKEK will be in charge of manufacturing.
Both companies, globally leading suppliers of defence technology systems and top players in the field of weapons and munitions, bring to this cooperation pact their comprehensive range of experience and expertise. This will create a unique competency centre in Turkey, systematically oriented to the needs of the markets and evolving customer requirements. During the initial phase, work will focus on the development of protection systems and medium-calibre ammunition products.
Source: Rheinmetall AG
Date: May 5, 2015