Rheinmetall eyes GNYK deal after Thyssenkrupp exit

Rheinmetall is studying the possibility of acquiring the German naval yard, German Naval Yards Kiel (GNYK), after Thyssenkrupp Marine Systems withdrew from the competition. The CEO confirmed that no final decision has been made yet and expects to announce it within 4 to 5 weeks, following an informal offer that was previously submitted. This move is part of Rheinmetall's broader strategy to expand in the maritime sector, especially after acquiring the shipbuilding company NVL and in its effort to win a contract to supply frigates to the German Navy, estimated at around 12 billion euros.

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