Midlands Factoryfor
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- Rheinmetall opened a new factory in Telford to produce tank and artillery barrels.
- The United Kingdom had not manufactured its own tank barrels for the previous 20 years.
- Production of the first barrels at the Telford facility began eight months after the initial agreement.
- Wes Streeting said, "It is not enough to simply out-innovate those who would wish us harm – though we must. We must also out-produce them too."
- The Telford factory currently employs 35 people in the gun hall, with plans to increase to 100 at full capacity.
- The new facility is capable of producing 245 barrels and 50 breeches annually.
- Armin Papperger stated, "To be a strong partner, you need strong armies. But on the other side, you need a strong industry."
- Rheinmetall's market value rose from approximately €4.2 billion before the Russian invasion of Ukraine to €47 billion as of late 2024.