On April 16, 2024, the Lithuanian government and the German defense company Rheinmetall signed a letter of intent to negotiate the construction of a 155mm artillery ammunition plant in Lithuania, with a potential site near Baisogala in the Radviliškis district. Although the letter is non-binding, it initiates talks on investment size, timing, and conditions. The investment, possibly involving hundreds of millions of euros with about half contributed by the state, is expected to be the largest defense industry investment in Lithuania. The plant aims to produce 700,000 artillery shells annually with export ambitions, enhancing Lithuania's munitions self-sufficiency amid regional security challenges. The project is projected to start construction later in 2024 and is intended to showcase Lithuania as a viable and secure destination for major defense industry investments.

On April 16, 2024, the Lithuanian government and the German defense company Rheinmetall signed a letter of intent to negotiate the construction of a 155mm artillery ammunition plant in Lithuania, with a potential site near Baisogala in the Radviliškis district. Although the letter is non-binding, it initiates talks on investment size, timing, and conditions. The investment, possibly involving hundreds of millions of euros with about half contributed by the state, is expected to be the largest defense industry investment in Lithuania. The plant aims to produce 700,000 artillery shells annually with export ambitions, enhancing Lithuania's munitions self-sufficiency amid regional security challenges. The project is projected to start construction later in 2024 and is intended to showcase Lithuania as a viable and secure destination for major defense industry investments.