Rheinmetall sales increase while competing for Army contracts

By Nickolai Sukharev / November 10, 2023 at 9:54 AM
Rheinmetall reported a sales increase during the third quarter of 2023 with stronger earnings expected as the company competes for several Army contracts, according to an earnings call the company held yesterday. “We are well on track to achieve our ambitious annual targets for sustainable and profitable growth,” said Armin Papperger, the company’s chief executive officer, in a statement released the day of the call. “Many countries need Rheinmetall in order to meet the dramatically increased demand for military equipment.”...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.