Rheinmetall acquires Mangalia shipyard for €138M, boosting Black Sea defense capacity

Rheinmetall Real Estate România won the tender for Șantierul Naval Mangalia, paying €138M to acquire the shipyard from insolvent Damen Shipyards Mangalia. The Romanian government welcomed the deal, citing its importance for Black Sea security and the domestic defense industry. This marks a strategic expansion of NATO defense industrial capacity on the Black Sea coast, though the shipyard's operational revival and specific defense projects remain to be detailed.