In 2026, work will begin in Europe on developing a replacement for the Tomahawk missiles

Stanislav Sereda
Stanislav Sereda Journalist
In 2026, work will begin in Europe on developing a replacement for the Tomahawk missiles
The German company Rheinmetall
The German firm Rheinmetall, which traditionally manufactures tanks, artillery and ammunition, plans to start producing long-range missiles this year in collaboration with Destinus.

This is reported by the Financial Times.

The German defence group has announced that its new joint venture with the Dutch defence start-up Destinus, the creation of which was announced last month, will begin production at the end of this year or in early 2027.

Rheinmetall Destinus Strike Systems will produce cruise missiles as well as ballistic missile systems. The aim is to meet the needs of Germany and international customers.

Destinus, founded in 2021, announced last month that it had successfully tested its new long-range strike system, the Ruta Block 2.

The missile’s stated range is 700 km or more, which is significantly less than the range of systems such as the US land- and sea-based Tomahawk cruise missiles, which the US was due to deploy in Germany this year.

However, US President Donald Trump scrapped this plan, which was intended to give Europe the capability to strike targets within Russia. Washington’s sudden U-turn forced Berlin and other European capitals to step up their search for interim solutions and accelerate the development of their own high-precision long-range strike systems.

The new joint venture will mark Rheinmetall’s first step into cruise missile production and bring the company into a market currently dominated by the pan-European group MBDA.

Follow us on Telegram

Share tittle
Economy
Restrictions on petrol sales have been introduced in Moscow and St Petersburg
Economy
  • Important

Restrictions on petrol sales have been introduced in Moscow and St Petersburg

Petrol stations in Moscow and St Petersburg are introducing limits on the sale of petrol and diesel. The companies attribute these measures to market conditions and supply difficulties.

03.06.2026
Ukraine is entering the new season with substantial wheat stocks and a positive harvest forecast
Economy

Ukraine is entering the new season with substantial wheat stocks and a positive harvest forecast

The Ukrainian wheat market is starting the 2026/27 season with substantial carryover stocks and favourable forecasts for the upcoming harvest. Towards the end of the current marketing year, export activity picked up significantly, boosting market sentiment and trade expectations.

03.06.2026
Ukraine to receive equipment from Latvia to restore its thermal power plant – Svyrydenko
Economy

Ukraine to receive equipment from Latvia to restore its thermal power plant – Svyrydenko

The Head of the Government, Yulia Svyrydenko, noted that energy facilities remain one of the main targets of Russian attacks, particularly the latest one on 2 June.

03.06.2026
The tax authorities have uncovered a scheme to funnel nearly 200 billion hryvnias abroad via a network of high-risk companies
Economy

The tax authorities have uncovered a scheme to funnel nearly 200 billion hryvnias abroad via a network of high-risk companies

The State Tax Service has announced that it has uncovered evidence of a large-scale scheme to transfer funds abroad via more than 2,300 companies. The total value of foreign trade transactions carried out by these entities exceeded 198 billion hryvnias.

03.06.2026
Journalists have uncovered questionable assets belonging to the head of the Kyiv Regional Directorate of the State Security Service, who was appointed by Tsivinsky
Economy

Journalists have uncovered questionable assets belonging to the head of the Kyiv Regional Directorate of the State Security Service, who was appointed by Tsivinsky

Roman Lysakovsky, whom Oleksandr Tsyvinskyi recently appointed as acting head of the Kyiv regional office of the Economic Security Bureau, stated in his latest declaration that his wife—a dentist and owner of a dental practice in Ternopil—earned just over 60,000 UAH over the course of the year. However, she recently sold this practice, which was a successful business.

02.06.2026