What Is Rheinmetall? Inside Germany’s 135-Year-Old Armour and Ammunition Giant

Rheinmetall AG began as a small metalworking workshop in Düsseldorf in 1889. Across 135 years, two world wars, the Cold War and NATO’s largest rearmament cycle in decades, it has become Europe’s leading land-systems and ammunition group. Today, with annual revenues approaching €10 billion, Rheinmetall is the backbone of Western armoured vehicle and artillery ammunition supply — and the company most directly positioned to benefit from the sustained NATO rearmament drive triggered by Russia’s 2022 invasion of Ukraine.

Company Profile

Business Divisions

Key Subsidiaries

• RENK AG — Transmissions for Leopard 2, Boxer, Lynx
• Rheinmetall Denel Munition — South Africa ammunition JV
RBSL (Rheinmetall BAE Systems Land) — UK armoured vehicle centre
• RMMV — HX series military trucks
• Expal Systems — Spanish ammunition company acquired 2023
• Rheinmetall Australia — LAND 400 local production hub

Key Contracts (2015-2024)

Sources

• Rheinmetall AG — Annual Report 2023
• Jane’s Defence Industry
• Defence News — Rheinmetall CEO Interviews

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