Rheinmetall acquires Stascheit to enhance EOD

The German defense company Rheinmetall offers a leading growth in the sector with multiple sources of upward potential for our profit estimates, according to a Berenberg note. The increase is derived from the company’s ability to accelerate its expansion of capacity and from a portfolio of expanding defense orders. According to our bottom-up model, the CAGR of the three-year share profit is 46% and the estimate of revenue by 2030 is 30%. The val…

Rheinmetall expects an enormous order volume in the coming years. The Group plans to massively expand its production capacities in Germany.

The Düsseldorf-based defense company will produce more 155-millimeter caliber shells than originally planned at its new artillery plant in Unterlüß. "We added additional machines during construction: Instead of 200,000 shells, we will be able to produce up to 350,000 artillery shells there," Rheinmetall CEO Armin Papperger told the "Handelsblatt" newspaper. Unterlüß will thus become the second-largest artillery plant in Europe—after a plant in S…

Rheinmetall acquires Stascheit ammo recovery company

Rheinmetall has acquired ammunition detection and recovery company Stascheit GmbH,  which will become a wholly-owned subsidiary of Rheinmetall Project Solutions GmbH within the Rheinmetall Group. The integration of Stascheit GmbH rounds off the comprehensive product port¬folio of Rheinmetall Project Solutions GmbH in the field of explosive ordnance disposal. Rheinmetall is aiming for an annual turnover of around €80 million in the medium term fr…

"Epoche of Upgrading: The largest armaments company in Germany, Rheinmetall, expects an order potential of 300 billion euros. Therefore, it is now also being examined to take over works from car manufacturers.

Rheinmetall CEO Armin Papperger has quantified the potential dimensions of future defense contracts – and believes that big business can begin soon.