Revenue at Rheinmetall, which supplies weaponry ranging from ammunition to tanks and armoured vehicles, came in at just under €10 billion last year. The company is a central player in Europe’s effort to bolster its defence industry, as governments prepare to unleash trillions of euros on rearmament.
Rheinmetall Chief Executive Officer Armin Papperger said he’s confident about achieving ambitious 2030 targets for profitability and revenue, helped by the streamlining and expansion of its ammunition production.
“I absolutely believe that we are able to make it happen,” Papperger said in an interview on Tuesday when asked about reaching a 20% profit margin on projected sales of €40 billion to €50 billion in 2030. “I think we are in good shape,” helped by significant investments to digitise production and lower costs.
