Following approval from the Ministry of Finance on 11 December 2024, UAB Valstybės Investicinis Kapitalas made a strategic decision to invest up to EUR 71.05 million in Rheinmetall Defence Lietuva. The artillery ammunition plant will produce 155-mm shells and enhance the country’s defence industry capabilities.
Together with EPSO-G, the company will provide capital investments to the newly established management company, EPSO-G Invest. In the next stage, EPSO-G Invest will partner with German defence industry giant Rheinmetall AG and Lithuanian ammunition manufacturer AB Giraitės Ginkluotės Gamykla to invest in the joint venture Rheinmetall Defence Lietuva. Situated near the town of Baisogala, the modern ammunition plant is expected to begin operations within the next two years. This investment will strengthen the local arms industry, create new jobs, and contribute to national security.
“Our strategic investment in Rheinmetall Defence Lietuva, which includes the acquisition of shares and additional capital investment commitments, is a step aimed at strengthening Lithuania’s defence industry as well as its economic resilience. This investment in Rheinmetall Defence Lietuva is of great importance to the entire European defence industry. It will allow us to reduce reliance on long supply chains and enable more efficient supply not only to Lithuania’s armed forces, but to other European Union countries as well,” says UAB Valstybės Investicinis Kapitalas CEO Vaidas Daktariūnas.
The establishment of this type of defence and arms industry manufacturer in Lithuania is expected to encourage other potential investors to follow suit, thereby bolstering security across the entire region.