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May 23, 2022

Rheinmetall to deliver force protection equipment to Nato customer

Deliveries of the components are expected to begin next year and will be completed by 2025.

Rheinmetall has secured orders worth nearly €250m to deliver force protection equipment to an undisclosed Nato member.

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The company said that the orders involve supplying components of force protection equipment, without specifying the types of items.

The deliveries are expected to begin next year and will be completed by 2025.

Rheinmetall CEO Armin Papperger said: “The armed forces of our country, and those of our partner nations, rely on our products to protect those who defend our right to live in peace, freedom, and security.

“We have made it our mission to provide our men and women in uniform with the best possible equipment, giving them a vital edge when deployed in harm’s way, and helping to ensure that they get home safely. Aware of what is at stake, our staff give their best every day.”

The company’s force protection technologies include individual passive ballistic solutions, and protection systems for armoured fighting vehicles.

Headquartered in Germany, Rheinmetall focuses on manufacturing automotive parts, military vehicles, and arms.

The company has a workforce of approximately 25,000 employees at 133 locations and production sites globally.

For the first quarter of 2022, Rheinmetall recorded consolidated sales of €1.266bn. The figure remained stable year-over-year.

It also recently demonstrated the guided rocket firing capabilities of an autonomous uncrewed ground vehicle (A-UGV), called Rheinmetall Mission Master SP. The live-fire drill was conducted in Sweden.

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Latest Updates on the Ukraine/Russia Crisis

Whilst at its core a humanitarian crisis, the Russian invasion of Ukraine risks adding materially to existing global economic and supply challenges. We are likely heading into a period in which geopolitics will become a regular part of boardroom discussions. Recent developments have seen Russian companies make significant progress around the world to supply countries with equipment in various Aerospace, Defense & Security sectors. This means that countries dependent on Russian arms for their security calculations should review all purchases and clauses regarding their programs and payments. Download GlobalData’s 5th Ukraine Conflict Executive Briefing to learn more. This report is part of a continued series that is renewed monthly with the latest data and analysis, as the conflict develops and has wider implications across sectors. Access the latest macro-economic forecasts, charts with the latest data, and our updated sanctions tracker, as well as our updated sector scorecards to reflect the current views on the impact of the crisis at a company level.
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