Rheinmetall AG will acquire Bremen-based Naval Vessels Lürssen B.V. & Co. KG, the military division of a major German, family-owned shipyard, from Lürssen Group.

One man's custom luxury toy could never be good enough for another man – not in the sense that it would be lacking in quality but rather that it wouldn't be a true reflection of the second owner. One ...

Forbes contributors publish independent expert analyses and insights. Bill Springer would rather be on a superyacht. And he often is. So, it may sound crazy but, since the yacht was sold after the ...

NVL adds around €1 billion (US$1.2 billion) in annual sales in the naval domain, compared to Rheinmetall's 2024 revenue of €9.75 billion.

Rheinmetall (OTCPK:RNMBF) (OTCPK:RNMBY) agreed to purchase Luerssen Group’s naval ship division, NVL, as part of its strategy to expand in Europe and capitalize on rising defense budgets. The deal, ...

In 2021, German shipyard Lürssen announced that it was building its first yacht with fuel cell technology. Created for a pioneering, tech-savvy client, the development was set to enable the yacht to ...

A man accused of breaking into a West Hollywood apartment and killing a resident’s dog earlier this month has been arrested, ...

Lürssen is typically tight-lipped about its high-seas endeavors, but, evidently, it can’t contain its excitement about a certain groundbreaking new vessel. The German shipyard has just announced the ...

Germany's Rheinmetall has struck a deal to take over a warship builder, both companies said, the defence giant's latest ...

Hull 13775, a.k.a. Project Cali, has been almost exactly three years in the making. Her keel was laid in September 2020, but Lürssen has divulged very little about the vessel up until this point.

Rheinmetall aims to become a leader in the naval shipbuilding sector with the acquisition of Naval Vessels Luerssen.