Particle.news
Download on the App Store

Rheinmetall Posts Strong 2025 Results, Flags Mega Munitions Deal as It Scales European Output

Management points to surging European rearmament, with German budget delays pushing orders into late 2025.

Overview

  • Revenue for the first nine months rose about 20% to roughly €7.5 billion, with operating result up 18% to €835 million.
  • Order intake dipped slightly due to the late passage of Germany’s federal budget, while the backlog reached about €64 billion.
  • CEO Armin Papperger said a large munitions contract is in final negotiations that could reach a double‑digit‑billion euro value.
  • Rheinmetall targets about 1.5 million artillery shells annually from 2027 after opening its Unterlüß plant and launching new capacity projects.
  • A heavy‑artillery factory in Baisogala, Lithuania, is slated to start operations in 2026 with a production ramp in 2027, as the company also pursues the NVL acquisition to enter shipbuilding.