When does the foreign acquisition of a longtime U.S. defense supplier make for good news? According to the leaders at the newly minted Renk America, their recent purchase by a German company is a very good thing. The former L3Harris Technologies Combat Propulsion Systems in Muskegon, Michigan, became the headquarters and main production facility for Renk America in early July, when Germany-based Renk Group completed its purchase. The plant produces transmissions and engines for a variety of military vehicles, including the Bradley Fighting Vehicle and the M88 Recovery Vehicle. The deal also included the acquisition of the Magnet-Motor business in Starnberg, Germany, maker of hybrid drive solutions for protected vehicles and Navy vessels. Renk America will officially unveil itself at the Association of the U.S. Army’s 2021 Meeting & Exposition in October.