Interim Finance Minister Kristupas Vaitiekūnas described a proposed corporate structure designed to optimize the management of national investments within the defense sector. According to the minister, this proposed holding entity represents an effective mechanism for the state to manage its financial interests in the industry, noting that the structure is currently in its preliminary stages and is built upon strategic collaborations with major international defense industry players. Speaking during the “Financial Health” program, Minister Vaitiekūnas stated that he views the holding as the most efficient model for the state to manage investments in this specialized sector.
He detailed the current composition of the holding, which encompasses two key facilities: the established Giriaite weapons plant and the forthcoming Rheinmetall Defence Lithuania artillery shell storage plant. Regarding ownership, the Giriaite plant holds a 1% stake, while the Lithuanian government maintains a 49.2% ownership share in the holding overall. The minister further informed the public that while the concept of a centralized holding is being advanced, two distinct operational models are currently under review.
He cautioned that a definitive decision regarding the final structure and implementation of the holding has not yet been reached by the relevant authorities. This framework aims to consolidate and professionalize the state’s involvement in the country’s defense industrial base through strategic partnerships.
Topics: #defense #holding #state
