When 2024 ended, the German Rheinmetall weapon contractor fired a book of orders that reached a record 55 billion euros ($ 63 billion). In five years, this amount will look like a change in your pocket, provided that the ambitions of their CEO come anywhere close to implementation.
Armin Persperger, CEO of Rheinmetall, Bulls on the company’s forecast when he drives a European sharp memory. Speaking with a German socket HandelsblattPerspergger said he expected 300 billion euros (340 billion dollars) in the next five years, which is equivalent to 450%growth. Meanwhile, during this period of time, he predicts that the US sales doubled with the current $ 1 billion (1.1 billion dollars).
Optimistic costs for the optimistic cost of Paperger is obliged to recently a huge Europe that enhances an antee on cost protection. Block recently pledged Spend about 800 billion euros ($ 910 billion) for protection. Perspergger, however, believes that this figure may be closer to 1 trillion euros ($ 1.1 trillion).
German rate Paperger
Germany partially abandoned In March, the guarantees that provided financial prudence, namely, excluding the cost of defense from its strict debt brake, which is aimed at maintaining the annual budget deficit in the country below 0.35% of GDP. In addition to the investment in the amount of 500 billion euros, the country’s commitment to fresh protection may see that the country pays more than 1 trillion euros (1.3 trillion) costs in the coming years.
From the early aspirations of Germany to take on negative obligations to protect the costs, the Perspergger expects his company to play a greater role in the European reerial. Historically, Reinmetall accounts for 18% of defense orders across Europe. It predicts Papperger that the share will increase to 25%, which will give the basis for its blockbuster’s prediction in the Reinmetal order book.
Markets were not postponed by comments Paperger to HandelsblattWhich probably already has a strong future for lagging from the cost of Rheinmetall. Indeed, stocks in the company have already grown by more than 140% increased by 1000% Since Russia’s invasion of Ukraine.
In addition to fresh aggregate demand throughout Europe, Rheinmetall can also hope to replace the import of weapons manufactured by the United States. More than 60% Imports of NATO European weapons from 2020 to 2024 came from the states.
In March, MBDA CEO Eric Berager told Financial times The fact that the company receives more calls from European militants who sought to buy a weapon that is not manufactured in the United States.
Reinmetall did not waste time, strengthening its production goals to meet new Europe protection requirements.
Said the Perserger Handelsblatt Unterlü’s factory plant is expected to break the initial expectations of production facilities at the facility.
“Instead of 200,000 shells, we will be able to produce up to 350,000 artillery shells there. For this we put about 600 million euros on the site,” he said.
Papperger is waiting Undesirable German factories.
“Everyone wants factories – we can build them,” the Persergger said.
Originally this story was presented on Fortune.com
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2025-04-17 11:36:00
Ryan Hogg
