Rheinmetall may see its order book grow to as much as €300 billion by 2030, according to CEO Armin Papperger. The German defense giant is positioning for long-term growth amid rising global demand. Papperger confirmed ongoing discussions with Volkswagen regarding its Osnabrueck plant. However, he noted that any deal is not imminent. The company continues to seek strategic opportunities to expand production capabilities.
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Rheinmetall Acquires Loc Performance To Expand US Market Presence
- Veiko Lukmann
- 03/12/2024
- 0
Rheinmetall Group has announced the acquisition of Loc Performance Products, LLC, a U.S.-based military vehicle specialist, as part of its strategy to expand in the world’s largest defense market. The $950 million acquisition strengthens Rheinmetall’s industrial base in the U.S. and positions it for major contracts, including the $45 billion XM30 infantry fighting vehicle program and the $16 billion CTT tactical truck program. Loc Performance, with its advanced manufacturing capabilities and 1.7 million square feet of production space, enhances Rheinmetall’s capacity to support U.S. Department of Defense modernization efforts. The partnership combines Loc’s manufacturing expertise with Rheinmetall’s next-generation technologies to […]
German cartel office approves Rheinmetall, Leonardo joint venture
- Veiko Lukmann
- 21/01/2025
- 0
Germany’s cartel office has approved the establishment of a joint venture between Rheinmetall and Italy’s Leonardo, as announced in a statement on Monday. The collaboration, initiated last October, aims to develop and manufacture military combat vehicles, marking a significant step toward consolidating the European defense sector. Cartel office president Andreas Mundt emphasized the importance of both companies in the defense industry but noted no competition concerns arose from the joint venture. The approval was granted quickly, reflecting the strategic significance and compatibility of the partnership. This development highlights ongoing efforts to strengthen European defense capabilities through collaboration. Original news
Bundeswehr Awards EUR3 Billion Contracts To Rheinmetall And KNDS
- Veiko Lukmann
- 02/01/2025
- 0
The German Armed Forces (Bundeswehr) have awarded contracts worth EUR3 billion to Rheinmetall and KNDS to integrate advanced digital radio and command-and-control systems. These upgrades, part of the Digitalization of Land-Based Operations (D-LBO) program, will modernize 10,000 vehicles within Germany’s land forces. The six-year, EUR1.98 billion contract is equally shared between Rheinmetall Landsysteme GmbH and KNDS Deutschland GmbH & Co. Deliveries will begin in mid-2025, managed by the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support, and conclude by 2030. This initiative underscores Germany’s commitment to enhancing operational capabilities through cutting-edge technology. Original news