German arms giant Rheinmetall has signed an agreement to build a new ammunition factory in Lithuania, authorities in the Baltic state said on Monday. Economy Minister Aušrinė Armonaitė said Rheinmetall would invest more than €180 million ($195 million) in the new plant, which is expected to produce 155-millimetre artillery shells. At least 150 jobs are set to be created at the new factory. Armonaitė described the agreement as an “extremely important step towards meeting Lithuania’s immediate defence and security needs.” She added: “It will help us to ensure uninterrupted access to essential we…