Rheinmetall AG delivered record financial results in 2024, driven by surging demand amid Europe’s “Zeitenwende”, historic shift in security policy. Group sales jumped 36 percent to €9.75 billion, from €7.18 billion in 2023, reaching the company’s target of ~€10 billion. Operating profit
In response to escalating geopolitical tensions and a shifting global security landscape, the European Union (EU) has unveiled an ambitious plan to bolster its defence capabilities. Dubbed the “ReArm Europe” initiative, this strategy aims to mobilize up to €800 billion
ReArming Europe: €800 Billion Defence Investment Project Read More »
The Italian Army has decided to significantly enhance its air defence capabilities by contracting Rheinmetall Italia S.p.A. to supply four Skynex air defence systems. The total value of the deal is approaching €280 million. The initial system, costing €73 million,
Italy Bolsters Air Defence with €280 Million Skynex Acquisition Read More »
The potential refocusing of American defence strategy during a second Trump presidency is not the only uncertainty shaping Europe’s future defence posture. Germany’s political landscape stands at a crossroads, grappling with internal crises while preparing for upcoming elections. Meanwhile, across
With Trump and Scholz – What Happens to Europe’s Rearmament? Read More »
Hypervelocity, as defined by the U.S. Army, refers to a projectile leaving the muzzle of an artillery weapon at over 3,500 ft/s (1,067 m/s) or a tank cannon at more than 3,350 ft/s (1,021 m/s). It’s important to note this
Going Hypervelocity Read More »
The beginning of the year has been promising for the Northern European defense industry, with increased sales and strong profits. German Rheinmetall, Norwegian Kongsberg, Swedish SAAB, and Finnish PATRIA have all reported excellent Q1 results. Only two Nordic companies are
It was a long wait for Ukraine before the US Senate finally approved its 60-billion-dollar aid, including long-range ATACMS missiles. In the meanwhile, the EU and Nordic countries have already acted. The Nordics and the Balts are rapidly boosting their
Double or Nothing: Nordics Are Ramping Up Ammo Production Read More »
Finnish Defence Company Patria Secures German Tank Deal, excluding the frontrunner Rheinmetall. Patria’s 6×6 is expected to replace the Bundeswehr’s existing Fuchs fleet. Rheinmetall turns its gaze to North Africa. Finnish defence company Patria is poised to deliver up to
One Thousand Patria Armored Vehicles for Bundeswehr Read More »
Rheinmetall and an unnamed French company will increase its ammunition production to supply the German Ministry of Defence for more than $400 million worth of 155mm artillery shells for Ukraine. The Düsseldorf-based Rheinmetall has recently secured a major contract worth
Germany Supplies More Than €400 Million Worth Of Artillery Shells for Ukraine Read More »
The heavy tractor does not sound sexy nor get big headlines, even when it’s big business in defence industry. Rheinmetall told at the end of May that the company had received an order from the German armed forces – Bundeswehr
Quiet signals: Return of large-scale mechanized warfare Read More »
