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Rheinmetall to buy military vehicle parts maker Loc Performance in $950 mln deal
Aug 13 (Reuters) - Rheinmetall (RHMG.DE), opens new tab would buy U.S.-based military vehicle parts maker Loc Performance in a $950 million deal, the German defense group said on Tuesday. Michigan-based Loc is an original equipment manufacturer for the U.S. Army's military ground vehicle track systems. https://www.reuters.com/business/aerospace-defense/rheinmetall-buy-military-vehicle-parts-maker-loc-performance-950-mln-deal-2024-08-13/