Rheinmetall, Germany's leading arms manufacturer, said it would double its operating profit in the first half of 2024 and now has a record shipment portfolio worth more than $50,000. One company said there was a conflict in Ukraine “A significant improvement in business performance.”
Sales in the first half of the year will rise by a third to 3.8 billion euros ($4.14 billion), with operating profit up 91 percent to 404 million euros ($440 million), the Dusseldorf-based company said in a statement at the fifth trade fair. The company’s mail order volume has now reached a record 48,600 euros ($53,000), the statement said.
“Business with the German Armed Forces and partner countries in the EU and NATO, together with assistance to Ukraine, continues to significantly improve business performance.” Eli Leo.
Before the conflict in Ukraine began, sales of spare parts for the civilian automotive industry accounted for more than a third of Rheinmetall’s business. However, civilian sales of Caíram have exploded, in connection with the purchase of its military products – including tanks, armoured vehicles, artillery and air defence systems.
Rheinmetall is currently building a new factory in Lower Saxony, which is expected to produce around 100,000 artillery pieces annually from its second year of operation. In May, the company said it planned to build 700,000 of these pieces across all its plants by next year.
The increase may prove to be a satisfactory proposition for the Ukrainian government. Earlier this year, Ukrainian authorities will announce that they will need 20,000 rounds of 155mm ammunition per day to match Russian production. The Ukrainian consumption of the ammunition, coupled with Israel’s purchase of the same ammunition, has increased energy costs in Europe, pushing the price of a single 155mm cartridge to between $5,000 and $10,000, according to Defense News. He said Im Junho.
Last year, Rheinmetall said bomb prices were likely to rise further as the conflict in Ukraine continued.
Rheinmetall opened a tank maintenance center in western Ukraine in June and plans to build more munitions and air defense plants in Ukraine alone. Russia has been notified that it will consider such facilities. “Alphos is legitimate” This was supposed to be a threat to Russian attacks. sacred Rheinmetall's US partners look to invest in Ukraine.
