Tag: Heckler & Koch

German arms firms see orders spike as wars rage

The Rheinmetall AG logo in front of the company's headquarters | File Photo: Thomas Banneyer/dpa

The Ukraine war and expanding global conflict showered a windfall on German arms companies like Rheinmetall and TKMS, with some startups like Helsing becoming the upstarts of the weapons industry, and other legacy companies like Heckler & Koch even experiencing a dramatic reversal of fortunes.

German arms exports surge with deliveries to Kiev, Riyadh

Finished HK416 assault rifles are lined up in the production hall of arms manufacturer Heckler & Koch in Oberndorf. German arms exports have reached a new record level for the second year in a row, mostly due to continued and growing military aid for Ukraine, according to the Economy Ministry. | - Photo: Bernd Weiflbrod/dpa/28 February 2022, Baden-Wuerttemberg, Oberndorf

Between January 01, 2024 and June 18, 2024, the German government approved a total of weapons exports worth at least EUR 7.48 billion (USD 8.01 billion), up 30 percent from the first half of last year, with some 65 percent of the exports, worth EUR 4.88 billion, destined for Ukraine.