Lockheed Martin and Rheinmetall to Co-Produce ATACMS Missiles in Europe

Lockheed Martin and German defense firm Rheinmetall have agreed to co-produce the Army Tactical Missile System (ATACMS), originally manufactured in the U.S., within Europe. A memorandum of understanding (MOU) was signed in Ankara, Turkey, on July 7, 2026, during a defense industry forum held concurrently with the NATO Summit.

The agreement is intended to address the growing demand for locally produced munitions in Europe. Co-production aims to shorten supply chains, potentially enhancing regional security and defense readiness.

This collaboration between the weapon system manufacturers could bolster Europe's defense industrial base and reduce reliance on U.S. production over time. ATACMS is a long-range tactical ballistic missile that has seen deployment in various conflicts.

Further details regarding the specifics of the agreement, including production locations and timelines, are expected to be released later. Both companies are established players in the global defense market.