Rheinmetall reports “boom” as results hit new records with orders for vehicles, ammunition and weapons
The company’s backlog has been boosted by framework agreements, such as a deal valued at €3.5 billion ($3.8 billion) for up to 6,500 trucks. (Photo: Rheinmetall)
Rheinmetall is riding high as Europe scrambles to boost its defence forces and replenish spent stockpiles sent to Ukraine.
Germany’s Rheinmetall has reported a “boom” in financial results for calendar year 2024, noting “the highest sales in the company's history” for its defence business.
Specifically, the company reported consolidated sales of €9.8 billion (US$10.7 billion) compared with 2023’s sales of €7.2 billion, an increase of €2.65 billion or 36%. A key highlight from the results was that the backlog reached €55 billion, a new high, on 31 December 2024 after announcing €38 billion on the same day in 2023.
The vehicle systems business, notably wheeled and tracked military vehicles, generated sales of €3.8 billion compared with €2.6 billion in
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