Rheinmetall to invest €270 mln as Germany's Kassel becomes key tank hub

Rheinmetall plans to invest about €270 million ($314.31 million) to test drones, expand tank production, and build a new logistics centre in Kassel. The capex-backed expansion signals increased defense capacity and supply-chain build-out. While not market-wide, the multi-project funding is likely supportive for Rheinmetall’s growth outlook and near-term order momentum.