Italy prepares plan to bridge automotive and defence sectors, minister says [Yahoo! Finance]
RHEINMETALL AG UNSP/ADR (RNMBY)
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Source: Yahoo! Finance
The plan comes amid European discussions on boosting defence spending and potential joint military funding. "In June, when the path of reforms we have defined in Europe is clear, we will present the first industrial strategy document in 30 years to guide the country towards new development opportunities," Urso told the Italian newspaper Il Messaggero. He said collaboration between the sectors would offer opportunities for growth in components and machining, with auto production in the country set to decline. The region's defence firms were confident they could ramp up production but warned delivery times could stretch into years, and would depend on government support with spending and new contracts. Rheinmetall, Europe's top ammunition m
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