Rheinmetall Secures €300 Million Order for Guided Artillery Rockets

Rheinmetall Secures €300 Million Order for Guided Artillery Rockets

(IN BRIEF) Rheinmetall has clinched a substantial contract to supply a European NATO member with multiple rocket launcher ammunition, marking the company’s foray into rocket artillery and showcasing its strategic portfolio expansion. Valued at over €300 million, excluding VAT, the order spans delivery from 2024 to 2027 and is handled by Rheinmetall Expal Munitions of Spain. These guided rockets, boasting a range of up to 300 km, will be complemented by additional services and systems. The move aligns with Rheinmetall’s status as a key player in artillery systems, bolstering its reputation as a leading global supplier in ammunition development and production, while further solidifying its position as a reliable partner for NATO nations’ defense needs.

(PRESS RELEASE) DÜSSELDORF, 4-Mar-2024 — /EuropaWire/ — Rheinmetall has won an order to supply a European member of NATO with multiple rocket launcher ammunition. Delivery is to take place from 2024 to 2027. The order, which was already booked in December 2023, represents sales volume for Rheinmetall of more than €300 million, without value added tax.

Rheinmetall Expal Munitions of Spain is responsible for manufacturing and delivering the rockets, which have a maximum range of 300 km. The order also encompasses additional services and other systems.

This is Rheinmetall’s first sales success in rocket artillery, vindicating the recent strategic expansion of its product portfolio. Just the other day, on 12 February, German Chancellor Olaf Scholz wielded a shovel at the ground-breaking ceremony took place at Unterlüß in Lower Saxony for a new factory that will produce explosives, artillery ammunition and rocket artillery components.

In artillery systems, 120mm smoothbore tank ammunition, cannon-based air defence and the production of medium-calibre ammunition, Rheinmetall is a leading global supplier. Ever since its foundation over 125 years ago, the company has been a reliable partner of the artillery branch, supplying seamless barrels for big guns. In the ammunition domain, today Rheinmetall supplies a comprehensive array of ammunition types in various calibres.

The latest orders for artillery rockets and 155mm artillery ammunition underscore Rheinmetall’s technological edge in ammunition development and production in Europe. Framework contracts for artillery ammunition help to make sure that the needs of the armed forces of Germany and other NATO nations are reliably met. They enable better planning of production processes and optimum exploitation of existing capacity.

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SOURCE: RHEINMETALL AG