Rheinmetall Wins Billion-Euro Bundeswehr Drone Contract (RNMBF:OTCMKTS)
The first call-off is worth about €300 million, and deliveries are set to begin in the first half of 2027, Rheinmetall said.
- German manufacturer Rheinmetall signed a framework contract with the Bundeswehr for FV-014 loitering munitions on April 22. The initial call-off contract is worth $351 million, with deliveries scheduled to begin in the first half of 2027.
- To support the 45th Panzer Brigade in Lithuania, Germany's Ministry of Defence commissioned this third loitering munition supplier. The unit serves as a central component of NATO's Eastern Flank deterrence effort, aiming to increase combat effectiveness.
- Technical specifications for the FV-014 include a range of up to 100 km, a 6 kg High-Explosive Dual Purpose warhead, and 70-minute flight time. The framework agreement includes an option for a "five-figure number" of weapon systems.
- Rheinmetall CEO Armin Papperger's remarks comparing Ukrainian drone manufacturing to playing with "Lego" sets sparked controversy. President Volodymyr Zelenskyy responded, calling the statement strange and noting that competition should be handled through results rather than rhetoric.
- Production for these systems will take place in Neuss as part of a broader framework agreement sources suggest could reach $1.09B. The Bundeswehr intends to protect its forces and engage critical targets in a fast, controlled, and effective manner.
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Rheinmetall Lands €300M Drone Deal With German Army
The German military is set to acquire loitering munitions from Rheinmetall, Germany’s largest defense manufacturer. These drones are designed to circle over a target area before autonomously diving to strike. The Federal Office for Bundeswehr Equipment, Information Technology, and In-Service Support signed the contract in Koblenz, according to ntv on April 22. We bring you stories from the ground. Your support keeps our team in the field. DONAT…
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Rheinmetall lands billion-euro Bundeswehr drone deal for FV-014 loitering munitions, boosting order backlog and EU defense growth outlook—read more now.
The armaments company has received a major order from the Bundeswehr in the billions range. With the drone, the Bundeswehr is to protect its own forces and fight against critical goals quickly.
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Germany is rearming itself in its new defense strategy. The Bundeswehr, its Armed Forces, will purchase thousands of kamikaze FV104 drones from the Rheinmetall company in a multimillion dollar contract signed on Wednesday. Deliveries will begin in the first half of 2027.The framework contract amounts to billions of euros, with a first order of approximately 300 million gross euros, and optionally includes hundreds of millions of autonomous FV-01…
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