Rheinmetall sales surge 36% in 2024, as company forecasts 'major' military order boom

Finance Minister Rimantas Šadžius says that after Lithuania reached an agreement with German defense industry giant Rheinmetall to build an ammunition factory in the Radviliškis district, this has "fundamentally changed" the role of the Giraitė arms factory operating in the Kaunas district, and therefore a new permanent director will be sought.

In the armaments division of Rheinmetall, business is almost never going on, but the car parts business is declining. Therefore, the company wants to relocate plants.

Rheinmetall expects robust 2025 sales amid Europe's defence push

Rheinmetall , a major beneficiary of Europe's big push to invest in defence, said on Wednesday it expects significant sales growth in 2025 and that it would update its outlook to take into account recent developments in the war in Ukraine.

The Dax Group remains a profiteer of the global upgrade and generates almost ten billion euros in sales. The workforce is expected to be substantially increased. The dividend increases.

Last year, the Rheinmetall armaments company benefited from the Russian war against Ukraine and the changing world political situation.

Due to the new plans for upgrading in Europe, Rheinmetall plans to generate up to 30 percent more sales. The gun builder could soon build tanks instead of cars in a VW plant.