Tag Archives: Armin Papperger

Rheinmetall AG Continues Growth Trajectory with Record Earnings and Order Backlog

(IN BRIEF) Rheinmetall AG, headquartered in Düsseldorf, has achieved record earnings and order backlog figures in fiscal year 2023, continuing its growth trajectory. The company’s focus on the defence sector, particularly amid a changed threat situation in Europe, has led … Read the full press release

Austria’s Military Modernization: Skyranger 30 Systems to Bolster Air Defence Capabilities

(IN BRIEF) Austria is set to bolster its air defence capabilities with the procurement of 36 Skyranger 30 air defence systems mounted on Pandur EVO 6×6 vehicles from GDELS. This collaboration between Rheinmetall and GDELS marks a significant milestone in … Read the full press release

Rheinmetall to Establish Ammunition Plant in Ukraine, Strengthening Defense Partnership

(IN BRIEF) Europe’s leading ammunition manufacturer, Rheinmetall, has announced plans to open a new plant in Ukraine through a joint venture with a local partner, aiming to produce a significant quantity of 155mm caliber bullets annually. The memorandum of understanding, … Read the full press release

Rheinmetall Breaks Ground on New Ammunition Factory to Bolster Germany’s Defence

(IN BRIEF) Rheinmetall AG is undertaking a significant strategic initiative to enhance Germany’s national security preparedness by constructing a new ammunition factory, “Werk Niedersachsen,” at its Unterlüß site in Lower Saxony. This factory, with an investment volume of around €300 … Read the full press release

Rheinmetall Donates €100,000 to Olena Zelenska Foundation in Support of Ukrainian War Victims

(IN BRIEF) Düsseldorf-based technology group Rheinmetall has pledged a donation of 100,000 euros to the Olena Zelenska Foundation in Kyiv, supporting humanitarian efforts for victims of the Russian war of aggression against Ukraine. The foundation, led by Olena Zelenska, wife … Read the full press release

Romania Chooses Rheinmetall for Major Air Defence Modernization Project

(IN BRIEF) Rheinmetall, a technology enterprise, has secured a significant contract worth approximately €328 million from the Romanian Ministry of Defence. This contract involves the comprehensive modernization of Romania’s Oerlikon GDF 103 air defence artillery systems, marking Rheinmetall’s first major … Read the full press release

Hungary and Rheinmetall Collaborate on €288 Million Panther KF51 Next-Generation Tank Development

(IN BRIEF) The Hungarian government and Rheinmetall have signed a €288 million contract to jointly develop the Panther KF51 next-generation main battle tank, taking it to production maturity. The project involves the creation of a demonstrator vehicle and its qualification … Read the full press release

Austria’s Comprehensive Air Defense Modernization Contract Awarded to Rheinmetall for €532 Million

(IN BRIEF) Austria’s Ministry of Defence has awarded Rheinmetall a contract worth €532 million (excluding value-added tax) for the comprehensive modernization of its existing Skyguard air defense systems, as part of its “Mission Forward” rearmament program. This ambitious project includes … Read the full press release

Defense Giant Rheinmetall Achieves Double-Digit Growth in Q3 2023

(IN BRIEF) Rheinmetall AG, a German defense company, reported strong financial results for the third quarter of 2023, driven by robust sales growth in its military business. The company’s operating result significantly exceeded market expectations, reflecting the high demand for … Read the full press release

ARTEC GmbH, Supported by Rheinmetall, Establishes UK Subsidiary for Boxer Armoured Transport Services

(IN BRIEF) ARTEC GmbH, a joint venture involving Krauss-Maffei Wegmann, Rheinmetall Landsysteme, and Rheinmetall Defence Nederland, has established a subsidiary called ARTEC Boxer UK Ltd. This UK-based subsidiary, wholly owned by ARTEC GmbH, will be responsible for providing service and … Read the full press release

Rheinmetall Partners with Blau-Gelben Kreuz to Aid Children in Chernivtsi, Ukraine with €20,000 Donation

(IN BRIEF) Rheinmetall AG, a global corporation from Düsseldorf, has pledged €20,000 to aid displaced families and children in Chernivtsi, a partner city of Düsseldorf. The donation will be channeled through the German NGO, Blau-Gelben Kreuz / Deutsch-Ukrainischer Verein e.V. … Read the full press release

Rheinmetall, Northrop Grumman, and Lockheed Martin Forge Partnership for Ultramodern F-35A Production Facility in Weeze, Germany

(IN BRIEF) Rheinmetall, in partnership with Northrop Grumman and Lockheed Martin, is planning to construct a cutting-edge factory in Weeze, Germany, for the production of fuselage sections for the F-35A Lightning II aircraft. The facility will produce at least 400 … Read the full press release

Rheinmetall Commences Construction of Solar Park in South Africa, Advancing Sustainability Goals

(IN BRIEF) Rheinmetall has begun constructing a solar park at its site in Somerset West, South Africa. The solar park, fully funded by Rheinmetall, is expected to be operational by year-end. The initiative aims to reduce the company’s environmental impact … Read the full press release

Rheinmetall Defence e Lockheed Martin esploreranno opportunità congiunte nello sviluppo di artiglieria a razzo per la Germania

(IN KÜRZE) Rheinmetall Defense e Lockheed Martin hanno firmato un Memorandum of Understanding (MoU) per collaborare allo sviluppo di un sistema di artiglieria a razzo per la Germania. L’obiettivo è quello di creare soluzioni su misura che utilizzino componenti esistenti … Read the full press release

Rheinmetall Defence and Lockheed Martin to Explore Joint Opportunities in Rocket Artillery Development for Germany

(IN BRIEF) Rheinmetall Defence and Lockheed Martin have signed a Memorandum of Understanding (MoU) to collaborate on developing a rocket artillery system for Germany. The aim is to create tailored solutions that utilize existing and proven components produced in Germany. … Read the full press release

Horst Binnig to leave Rheinmetall Automotive AG and the Group holding company Rheinmetall AG

Horst Binnig to leave Rheinmetall Automotive AG and the Group holding company Rheinmetall AG

(PRESS RELEASE) DÜSSELDORF, 24-Jul-2019 — /EuropaWire/ — Horst Binnig, 60, to retire from Rheinmetall Automotive AG and the Group holding company Rheinmetall AG after 20 successful years in the Automotive sector. Binnig, currently serving as Chairman of the Executive Board … Read the full press release

Rheinmetall and Sikorsky team up to compete in the German Air Force “Schwerer Transporthubschrauber” (STH) Program

DÜSSELDOFT, 13-Feb-2018 — /EuropaWire/ — Rheinmetall and Sikorsky, a Lockheed Martin (NYSE: LMT) Company signed a strategic teaming agreement for competing in the German Air Force “Schwerer Transporthubschrauber” (STH) Program. Rheinmetall brings a wealth of experience and knowledge to the Sikorsky … Read the full press release

The Rheinmetall Group 1H 2017: considerable sales growth and a strong increase in operating earnings

Consolidated sales grow by 8.0% to €2,808 million in the first half of the year Operating earnings for the Group improve by 30% to €134 million Automotive increases sales to €1,465 million and operating margin to 8.8% Sales growth of … Read the full press release