2024-06-26 05:20:59
Rheinmetall’s order books are full to bursting. The corporate performs an necessary function in supporting Ukraine. Now the German military has positioned the biggest order within the firm’s historical past.
The results of the struggle in Ukraine have introduced the arms firm Rheinmetall the biggest order in its firm historical past. The corporate introduced in Düsseldorf that it had obtained a framework contract from the German Armed Forces for artillery ammunition price as much as 8.5 billion euros.
The framework settlement, which has been in place since July 2023, had a most worth of round 1.3 billion euros, and this contract has now been elevated by 7.2 billion euros. The variety of projectiles ordered, which will be fired 40 kilometers and have a caliber of 155 millimeters, was not disclosed – it’s more likely to be a number of million. Manufacturing will happen primarily in Unterlüß in Decrease Saxony.
The ammunition is meant to fill the Bundeswehr’s slightly empty warehouses, and a big a part of the amount can also be to go to Ukraine. The nation attacked by Russia had already obtained ammunition deliveries from Germany, and additional deliveries are to comply with sooner or later.
Deliveries underneath the present framework settlement are scheduled to start in early 2025; this primary tranche is reportedly price 880 million euros. It’s unclear how lengthy the framework settlement will final – the settlement concluded final yr had a time period of six years. Rheinmetall is Germany’s largest weapons producer and in addition produces tanks, army vehicles and weapons.