German defense company Rheinmetall has announced its acquisition of U.S.-based military vehicle parts manufacturer Loc Performance for $950 million. The Michigan-based Loc Performance is known for producing track systems for the U.S. Army’s ground vehicles.
Rheinmetall’s purchase of Loc Performance is aimed at strengthening its industrial presence in the United States. The acquisition positions Rheinmetall to compete for significant contracts with the U.S. Army, including the XM30 and common tactical truck programs, which have a combined value exceeding $60 billion, according to the company’s statement.
Loc Performance’s expertise in manufacturing track systems, rubber and armor products, and fabricated structures for various vehicles, including military, agricultural, and transportation, is expected to align well with Rheinmetall’s goals for meeting the critical production demands of these large-scale military programs.
Rheinmetall is a leading German defense and automotive company, recognized for its advanced technologies in military systems and automotive components. Established in 1889, the company has a long history of supplying innovative solutions to both defense and civilian markets. In the defense sector, It specializes in the development and production of military vehicles, weapons, and ammunition, as well as electronic systems for armed forces worldwide.
The company also plays a significant role in the automotive industry, providing a range of products including engine components, mechatronics, and thermal management solutions. With a global presence and a focus on cutting-edge technology, Rheinmetall continues to be a key player in both sectors, driving innovation and meeting the complex needs of its customers.
