RSI Europe to invest up to €50M in strengthening Lithuania’s defence industry
Minister of Economy and Innovation Edvinas Grikšas has signed a large-scale investment project agreement with Lithuanian defence technology company RSI Europe. The company plans to invest up to €50 million in Panevėžys district, where it will expand its capacity to develop and manufacture advanced defence systems.
“The strength of Lithuania’s defence industry lies in local companies that are able to develop advanced technologies and expand their production here in Lithuania. RSI Europe’s project in Panevėžys district is expected to create up to 40 new jobs, around 35% of which will be for highly skilled engineering and technical specialists. These are concrete opportunities for people to take up qualified work beyond the largest cities and contribute to the growth of the country’s defence industry. Projects like this strengthen our economy and security, while also contributing to our goal of attracting at least 30% of new investments to the regions by 2030,” Edvinas Grikšas, Minister of Economy and Innovation.
RSI Europe is a Lithuanian defence technology company founded in 2022 that develops and manufactures products for national defence applications, which are currently supplied to Ukraine and NATO allies.
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Originally published on 17 Sep
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