Lithuanian government plans to bring military cos under one holding

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Lithuanian government plans to bring military cos under one holding

Lithuania is planning to establish a state-owned holding company to bring together defence industry companies, according to Deputy Defence Minister Orijana Mašalė.

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The state intends to create a new holding in the near future, which would merge defense companies, says Deputy Minister of National Defense Orijana Mašalė. “The Prime Minister has already stated his position that defense companies should operate in a certain holding. This could be a state-owned company, which would perform, let's call it, a holding function, under which there are very different defense areas,” O. Mašalė said in an interview wit…