Rheinmetall, MKEK of Turkey forming joint venture company

.

Space Industry and Business News

.

Rheinmetall, MKEK of Turkey forming joint venture company
by Richard Tomkins
Dusseldorf, Germany (UPI) May 6, 2015

disclaimer: image is for illustration purposes only

Rheinmetall of Germany and Turkish defense company MKEK are to form a joint venture to develop weapon systems and munitions, Rheinmettal announced.

The creation of a joint venture company comes under a memorandum of understanding signed that paves the way for extensive cooperation between the two.

"Operational management of the new company, to be known as Rheinmetall MKEK Technologies, will be organized by Rheinmetall," the German company said. "Besides joint development of new products, MKEK will be in charge of manufacturing.

"During the initial phase, work will focus on the development of protection systems and medium-caliber ammunition products."

No information was provided as to when the new company in Turkey would actually be formed or the financial investment in it by each of the partners.

Both companies bring a comprehensive range of experience and expertise to the new company, which will create "a unique competency center in Turkey, systematically oriented to the needs of the markets and evolving customer requirements."

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

.

Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks

Iran's Rouhani denounces boasting over arms deals
Tehran (AFP) May 5, 2015
Iran's president denounced western countries for taking pride in arms sales Tuesday, after France signed a warplanes deal with Qatar, saying weapons agreements add to Middle East instability. Although he did not name France, Hassan Rouhani's comments came after it agreed a 6.3-billion-euro ($7-billion) contract with Qatari defence officials in Doha. French President Francois Hollande was ... read more

Real stereotypes continue to exist in virtual worlds

Researchers match physical and virtual atomic friction experiments

See flower cells in 3-D - no electron microscopy required

Northwestern scientists develop first liquid nanolaser

German ships receiving Indra's satellite communications terminals

French-Italian military communications satellite launched

Harris wins IDIQ contract for Rifleman Radio

U.S. Special Operations Command orders MUOS-capable radios

ILS And Dauria announce Proton/Angara dual launch services agreement

SpaceX to test 'eject-button' for astronauts

India to launch 6 more satellites in 2015-16

Arianespace to launch HellaSat-4/SGS-1 for Arabsat and KACST

Next Generation GPS System Faces Delays, Cost Overruns

Neuronal positioning system: A GPS to navigate the brain

NASA Goddard Team Sets High Flying Record with Use of GPS

China's satellite navigation system to expand coverage globally by 2020

Airbus DS, Cisco partner in key business areas

Singapore requests upgrade of its F-16s

Kuwait to order Boeing F/A-18 fighters worth $3 bn

Northrop announces new radar development for B-1 bombers

Two-dimensional semiconductor comes clean

Defects in atomically thin semiconductor emit single photons

Researchers develop acoustically driven controls for smartphones

Printing silicon on paper, with lasers

NASA Aids Response to Nepal Quake

MOU between ISRO Department of Land Resources to beef up EO capacity

Dull forest glow yields orbital tracking of photosynthesis

Technologies enable ambitious MMS mission

Clean air power plan hinges on key policy decisions

Greenpeace says India office may close within a month

US-backed drug spraying triggers health fears in Colombia

Hungary orders clean-up of 'catastrophic' disused chemical plant

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.