VMZ-Sopot and Rheinmetall Sign Contract on Billion Leva Investment
Bulgarian arms plant VMZ-Sopot and Germany’s Rheinmetall, a leading international systems supplier in the defence industry, signed a contract on October 28.
The contract is for an investment of close to a billion leva to build a gunpowder and ammunition plant in Bulgaria.
The signing ceremony took place at the Cabinet building in Sofia, with Rheinmetall CEO Armin Paperger and Roman Köhne, director of the company’s Weapons and Ammunition Department, representing the German side, and VMZ-Sopot CEO Ivan Getsov representing the Bulgarian side.
No additional quotes are provided in the given text.
Author's summary: VMZ-Sopot and Rheinmetall invest in Bulgaria.
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