Ministry of Finance is increasing the capabilities of the defence industry and investing EUR 25 million in Giraitės ginkluotės gamykla
The Ministry of Finance is initiating an increase in the authorized capital of the only ammunition manufacturer in the Baltic States, Giraitės ginkluotės gamykla AB, by more than EUR 25 million. The draft resolution by the Ministry of Finance on the investment of state assets will be submitted to the Government for consideration in the near future. This is the second investment by the Ministry in Giraitės ginkluotės gamykla AB in recent years, which is aimed at increasing production volumes, strengthening national defence and expanding the capabilities of the Lithuanian defence and security industry.
"This investment is an important step in strengthening the Lithuanian defence industry ecosystem. By strengthening strategic national security companies, the Ministry of Finance is investing not only in the future of the defence industry, but also in the resilience and competitiveness of the state in the international market. An additional investment of EUR 25 million in Giraitės ginkluotės gamykla will allow maintaining a high production and sales pace, achieving better financial results and generating higher returns for the state. At the same time, it will significantly contribute to enhancing national security, economic growth and international cooperation", Minister of Finance Kristupas Vaitiekūnas states.
The draft resolution of the Ministry of Finance submitted to the Government provides that EUR 25,211,996.80 will be allocated to the authorized capital of Giraitės ginkluotės gamykla AB from the appropriations of the Ministry of Finance. After the implementation of this investment, the company’s authorized capital will total EUR 47,511,776. In the autumn of 2024, the Ministry of Finance had already invested EUR 11.16 million in increasing the production volumes of Giraitės ginkluotės gamykla AB.
In 2025, the company continued to invest in production expansion, utilizing existing infrastructure and acquiring another production line, which will double the existing capacity. At the same time, technological processes were improved, the export geography was expanded, and cooperation with partners in the USA and Norway was carried out on the implementation of military ammunition projects. These investments are part of the Ministry of Finance's broader vision for the defence industry. Since 2024, the Ministry has been implementing new financial instruments - state guarantees and defence bonds, which ensure sustainable financing for strategic production capabilities.
Moreover, the Ministry of Finance, in cooperation with the Ministry of National Defence, the Ministry of Economy and Innovation, and the Office of the Government of the Republic of Lithuania, has prepared a concept for a defence industry holding, which will be implemented by establishing a defence industry holding in the future by merging state-owned enterprises operating in the defence and security sector. This would allow for even more effective coordination of the activities of such companies as Giraitės ginkluotės gamykla AB, promote innovations, and attract private investors.
“The defence industry is not only a security issue, but also a long-term economic investment. Every euro invested in this area works twice – it strengthens national security and creates added value for our economy”, Minister of Finance Kristupas Vaitiekūnas notes.
For more than two decades, Giraitės ginkluotės gamykla AB has focused on the production of the highest quality ammunition, which is recognized in the international market. The company not only expands production volumes, but also actively participates in international initiatives related to the development of the defence industry. In 2025, it signed cooperation agreements with partners in the USA and Norway, and products are exported to 28 countries. The company’s strategic goal is to expand capacities, attract foreign investments, diversify production and ensure security of supply.
The shareholder of Giraitės ginkluotės gamykla AB is the State of Lithuania, which owns 100 % of the shares. The rights and obligations of the shareholder are implemented by the Ministry of Finance, which today acts as the main financial and strategic partner of the defence industry. The Ministry of Finance also participates in the strengthening of the defence industry by investing in local production capacities, launching financial instruments - defence fund, defence bonds, state guarantees, forming the concept of a defence industry holding uniting strategic enterprises and investment flows, cooperating with global partners - Rheinmetall, Northrop Grumman, NAMMO on technology transfer and investments.
Last updated: 06-11-2025
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