German arms maker Rheinmetall, a key weapons supplier to Ukraine, said on August 14 it has acquired US vehicle specialist Loc Performance for $950 million as it moves to boost its presence in the world’s largest defense market. The purchase of the Michigan-based supplier “expands the group’s business with the US military” and “increases its...

Unlock this article with Premium. To access all premium content, contact us at [email protected]
Already a member? Log in here