Rheinmetall and Ukroboronprom team up for tank production.

German defense company Rheinmetall has formed a joint venture with Ukrainian state-owned conglomerate Ukroboronprom to build and repair tanks in Ukraine. The venture will begin by maintaining and repairing vehicles transferred to Ukraine by Germany, but will later seek to jointly produce some Rheinmetall products in Ukraine, leading to the possible joint development of military systems to export from Ukraine. Rheinmetall expects to sign contracts for two more joint ventures in the coming days for ammunition and air defense.