Rheinmetall, FRAEN to jointly manufacture military fuzes

Rheinmetal and FRAEN Corporation have set up a joint venture, “Rheinmetall Fraen Fuzes LLC” to develop and produce military fuzes.

Rheinmetall will hold a 51% share in the new company, with the remaining 49% held by FRAEN Corp, the company said in a statement Monday.

The joint venture will be based at FRAEN Corp.’s headquarters in Reading, Mass