Rheinmetall AG and VMZ Partner to Establish €1 Billion Artillery Ammunition Joint Venture in Bulgaria
Rheinmetall and VMZ Partner JV for Manufacturing Artillery Shells, Gun Powder in Bulgaria: SOPOT, Bulgaria, October 28, 2025 — In a landmark agreement, Rheinmetall, a global leader in defense technology, and Bulgaria’s state-owned arms manufacturer VMZ (Vazovski Mashinostroitelni Zavodi) have announced the creation of a joint venture focused on the development and production of artillery shells and energetic materials. The deal, which represents one of the largest investments in ammunition production in recent years, involves a total commitment of approximately €1 billion.



