Tag: Capital Markets Day

Rheinmetall Targets €50 Billion in Sales by 2030

(L-R) Boris Pistorius, Germany's Defence Minister, Armin Papperger, CEO of Rheinmetall AG, and Sébastien Lecornu, France's Defence Minister, stand in front of a Czech Leopard 2 A4 main battle tank during a visit to the Rheinmetall plant, amid the Franco-German MGCS tank project | File Photo: Michael Matthey/dpa

Rheinmetall aims to expand its annual turnover to around €50 billion by 2030, CEO Armin Papperger told analysts during the company’s Capital Markets Day in Unterlüss, with the German defence contractor experiencing a sharp rise in revenue since the war in Ukraine, driven by growing orders for artillery, ammunition, air defence systems and tanks.