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☆ Ukraine is getting a prototype artillery shell that can strike 3 times as far as regular rounds: report
▼ + stars: | 2024-05-08 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Germany plans to send Ukraine a prototype artillery shell that can travel 62 miles, Handelsblatt reported. AdvertisementGermany is gearing up to send Ukraine a prototype artillery shell that can travel up to 62 miles, German newspaper Handelsblatt reported. That would more than triple the reach of the conventional 155 mm artillery rounds Ukraine is heavily reliant on, depending on what system is used to fire it. It's not clear what the prototype munition actually is. Earlier this year, Germany announced a $5.3 million military aid package for Ukraine, including 10,000 artillery rounds from its own stocks, Politico reported.

Persons: They'd, —, It's, Handelsblatt, Russia's, Armin Papperger, Germany's, Olaf Scholz, Scholz Organizations: Service, Associated Press, Rheinmetall, Defense, Politico Locations: Germany, Ukraine, Berlin

☆ Rheinmetall CEO: Conventional war needs conventional weapons
▼ + stars: | 2023-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRheinmetall CEO: Conventional war needs conventional weaponsArmin Papperger, CEO at Rheinmetall, discusses the company's defense spending across Europe.

Persons: Armin Papperger Organizations: Rheinmetall Locations: Europe

Away from the front, Ukraine’s war has become a numbers game: who can acquire, make and resupply more tanks, bullets, and, most of all, artillery shells. All in all, Kyiv needs some 1.5 million artillery shells annually, according to the CEO of one of Europe’s largest arms manufacturers, Rheinmetall. By July, the US had supplied more than two million artillery rounds to Ukraine since the 2022 invasion, the Pentagon said. But in February 2023, Europe-wide production of artillery ammunition had a maximum capacity of 300,000 shells annually, Estonian defense officials estimated. The best-case scenario of an increase to making 2.1 million shells annually is still years away from being realized.

Persons: Oleksandra Ustinova, ”, Volodymyr Zelensky, Armin Papperger, Papperger, William LaPlante, Diego Herrera Carcedo, Nammo, LaPlante, Tuuli Duneton, Morten Brandtzæg, “, ” Brandtzæg, you’re, Jérôme, Creuillot, it’s, Jonathan Caverley, hasn’t, Ignacio Marin, Caverley, Josep Borrell Organizations: CNN, Artillery, Rheinmetall, Pentagon, European, NATO, Defense, Anadolu Agency, Getty, Estonian, US Naval War College, EU Locations: Ukraine, Russia, Estonian, United Kingdom, Europe, Brussels, “, Kyiv, ”, Norway, France

Papperger said on Thursday that factory workers would build and repair Rheinmetall’s Fuchs armored personnel carrier — named after the German word for fox — under license in the facility. Rheinmetall (RNMBF) will operate the plant in partnership with Ukroboronprom, a Ukrainian state-owned defense group, which will also own the facility. Julian Stratenschulte/picture alliance/Getty ImagesFormer Russian President Dmitry Medvedev, a close ally of current President Vladimir Putin, has said Russia would retaliate by hitting any facility Rheinmetall set up in Ukraine, Reuters has reported. For now, Papperger said, sourcing more ammunition was a bigger priority than building more tanks. In theory, he added, Rheinmetall could provide 60% of the artillery ammunition Ukraine needs.

Persons: Armin Papperger, “, ”, Papperger, Rheinmetall’s Fuchs, ” Armin Papperger, reconditioned Marder, Julian Stratenschulte, Dmitry Medvedev, Vladimir Putin, didn’t, — Nadine Schmidt, Claudia Otto Organizations: London CNN, Rheinmetall, CNN, Rheinische Post, Ukroboronprom, Getty, Former, Reuters, NATO Locations: Berlin, London, Ukraine, Russia, Germany’s, Ukrainian, Lower Saxony, Germany, Former Russian, Russian, Europe

☆ Rheinmetall to boost propellant powder production by up to 600 tons per year, CEO says
▼ + stars: | 2023-06-16 | by ( Sabine Siebold | ) www.reuters.com time to read: +2 min

REUTERS/Fabian Bimmer/File PhotoBRUSSELS, June 16 (Reuters) - Rheinmetall will ramp up production of propellant powder for ammunition at its plant in the Bavarian town of Aschau by 500 to 600 metric tons per year, adding some 10% to its current global capacity of more than 6,000 tons, its CEO Armin Papperger said. Rheinmetall (RHMG.DE) has already kicked off an investment programme with this goal, Papperger told Reuters in an interview late on Thursday. "You can only do it if you have a very, very large order of, for example, 800,000 artillery shells," Papperger said. "This is not a situation we find ourselves in, which means we are finding other ways such as expanding our powder plant in Bavaria." In January, Papperger told Reuters that Rheinmetall was considering building a new powder plant, possibly in the eastern German state of Saxony, but that the investment of 700-800 million euros would have to be footed by the government in Berlin.

Persons: Fabian Bimmer, Armin Papperger, Papperger, Sabine Siebold, Conor Humphries Organizations: Lynx, Rheinmetall, REUTERS, Reuters, Thomson Locations: Unterluess, Germany, BRUSSELS, Bavarian, Aschau, Bavaria, Saxony, Berlin, Ukraine

☆ NATO pushes for common standards to tackle shortfalls in artillery munitions
▼ + stars: | 2023-06-13 | by ( Sabine Siebold | ) www.reuters.com time to read: +5 min

But the lack of common standards among the various manufacturers has hampered the flow of munitions supplies. It will take place on the sidelines of a NATO defence ministers' meeting in Brussels on Thursday and Friday. Demand for 155mm artillery rounds has soared in the wake of the invasion of Ukraine in February 2022. "If national governments could bring themselves to throw national standards over board and agree on common NATO standards – in particular with regard to munitions – this would be a landslide change," the defence source said. Before that many NATO countries had already run down their stocks as governments considered wars of attrition with big artillery battles a thing of the past.

Persons: Caesar, Jens Stoltenberg, KMW, Leonardo, Northrop, Abrams, Armin Papperger, Sabine Siebold, Gwladys Fouche, Angus MacSwan Organizations: Separate Artillery Brigade, REUTERS, NATO, BAE Systems, Turkish, Dynamics, Leopard, Lockheed, Northrop Grumman, British Storm Shadow, Rheinmetall, RND, Thomson Locations: Ukraine, Avdiivka, Donetsk region, BRUSSELS, Kyiv, NATO, Brussels, Kongsberg, Vilnius, Oslo

☆ Rheinmetall could be worth 17 billion euros over medium term, CEO says
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

BERLIN, June 10 (Reuters) - The CEO of Germany's largest defence contractor Rheinmetall (RHMG.DE) said he expected a further boost to the company's stock market value due to the Ukraine war and increased defence spending in Europe. "Our operating income in 2025 should be about 1.5 billion euros ($1.6 billion), maybe even 1.7 billion euros. "A valuation of 17 billion euros is realistic for Rheinmetall over the medium term," he added. Rheinmetall's current stock valuation is about 10.5 billion euros, on 2022 operating income of 754 million euros. The stock market value of the company, a maker of tanks, ammunition and other war equipment, has tripled since December 2021 and it joined Germany's blue-chip DAX (.GDAXI) index earlier this year.

Persons: Armin Papperger, DAX, Christian Kraemer, Holger Hansen, Sabine Siebold, Kirsti Knolle, Madeline Chambers Organizations: Rheinmetall, RND, Thomson Locations: BERLIN, Ukraine, Europe

☆ Rheinmetall and Ukraine's Ukroboronprom form JV to build, repair tanks
▼ + stars: | 2023-05-13 | by ( ) www.reuters.com time to read: +1 min

May 13 (Reuters) - Rheinmetall (RHMG.DE) has founded a joint venture with Ukrainian state-owned conglomerate Ukroboronprom to build and repair tanks in Ukraine, the company said on Saturday. Closing of the agreement to set up the joint venture is scheduled for late June with operations to begin from mid-July. The German company expects to sign contracts for two more joint ventures in the coming days for ammunition and air defence, according to Handelsblatt. Rheinmetall has ridden a rise in defence spending since Russia's invasion of Ukraine last year, with Germany also supplying aid and weapons to Kyiv. Rheinmetall makes ammunition and other military equipment as well as jointly producing the Leopard tanks that Germany is sending to Ukraine with Krauss-Maffei Wegmann.

☆ German makers of Leopard 2 tank settle legal dispute
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

DUESSELDORF, May 2 (Reuters) - German arms makers Rheinmetall (RHMG.DE) and Krauss-Maffei Wegmann have settled a legal dispute over the intellectual property rights to the Leopard 2, one of the world's most advanced battle tanks, a court said on Tuesday. A boom in defence orders due to the war in Ukraine, and in particular demand for Leopard tanks from Kyiv to help in the fight against Russian forces, has boosted both companies. Duesseldorf-based Rheinmetall makes the cannon of the Leopard 2 and Munich-based KMW makes its chassis. Rheinmetall said both parties had sought to settle the dispute as quickly as possible with the aim of returning to day-to-day business. Earlier this year, Germany bowed to pressure from allies and agreed to send Leopard tanks to Ukraine.

Bowing to pressure from allies, Germany's government this year agreed to send Leopard tanks to Ukraine, one of the big ticket items sought by Kyiv as it gears up to mount a counteroffensive against Russian forces. Duesseldorf-based Rheinmetall makes the cannon of the Leopard 2 while the Munich-based KMW makes its chassis. A district court in Munich in a statement on Tuesday said KMW was seeking legal protection to prevent Rheinmetall from making statements it saw as "untrue, misleading factual assertions that violate its rights". Higher defence spending pushed Rheinmetall to record earnings last year and saw the company enter Germany's DAX blue-chip index. ($1 = 0.9106 euros)Writing by Matthias Williams Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

☆ Lockheed and Rheinmetall to develop German version of HIMARS rocket launchers
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] Lockheed Martin's logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-HoonBERLIN, April 20 (Reuters) - Arms makers Lockheed Martin (LMT.N) and Rheinmetall (RHMG.DE) will team up to develop a German rocket artillery system, they said on Thursday, a weapon in the same category as the HIMARS rocket launchers Lockheed has been supplying to Ukraine. Rheinmetall and Lockheed said in a statement they had signed a memorandum of understanding and that the new weapon would integrate existing German components. "The combination of proven capabilities and comprehensive know-how of Lockheed Martin with the expertise of Rheinmetall on the production side will provide unique opportunities for both sides," Rheinmetall Chief Executive Armin Papperger said. "Lockheed Martin is looking forward to the cooperation and the optimisation of our joint resources to meet the immediate needs for deterrence," said Paula Hartley, Lockheed's vice president of tactical missiles.

☆ Armsmaker Rheinmetall sets up maintenance hub in Romania for Ukraine weapons
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +1 min

April 2 (Reuters) - German armsmaker Rheinmetall (RHMG.DE) is building a military maintenance and logistics hub in Satu Mare, Romania, expected to begin operation this month to service weapons used for the war in Ukraine, the company said on Sunday. "The service hub should play a central role in maintaining the operational readiness of western combat systems in use in Ukraine and ensuring the availability of logistical support," a spokesperson for the company said. The hub, located near the border with Ukraine, will service self-propelled howitzers, Leopard 2 and Challenger tanks, Marder infantry fighting vehicles, Fuchs armoured transport vehicles and military trucks. "It is a key concern for us at Rheinmetall to provide the NATO forces and Ukraine with the best possible support," Chief Executive Armin Papperger said in a statement. Rheinmetall founded a similar center in Lithuania in June 2022 to provide support to NATO vehicles in the Baltic states.

☆ A German company is offering Ukraine the benefit — and burden — of being the first military to get its brand-new tank
▼ + stars: | 2023-03-09 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Prominent German defense firm Rheinmetall is offering Ukraine its new Panther Kf51 tank. Rheinmetall DefenceRheinmetall is reportedly negotiating with Ukraine to build a tank factory there, though it's not clear whether it would produce the Panther or the older Leopard 2 tank. The Kf51 Panther is a new tank with some old features. A German Leopard 2 tank in Munster in May 2019. Like the next-generation Abrams tank, the Panther's turret can be unmanned, with its crew operating the vehicle behind the thicker armor of the tank's hull.

☆ The German company that makes Leopard and Panther tanks wants to build a factory in Ukraine, report says
▼ + stars: | 2023-03-05 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +2 min

Rheinmetall wants to build tanks in Ukraine, CEO Armin Papperger told the Rheinische Post. A plant would cost about $200 million and could produce 400 battle tanks a year. Rheinmetall makes the Leopard 2 tanks that Germany finally offered to send to Ukraine in January. "Talks with the Ukrainian government are promising and I'm hoping for a decision in the next two months," Armin Papperger, the CEO of Rheinmetall, told the newspaper. Rheinmetall makes an array of weapons and ammunition, including the Leopard 2 tanks that Germany finally offered to send to Ukraine in late January.

☆ Rheinmetall in talks on building tank factory in Ukraine - report
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, March 4 (Reuters) - German defence contractor Rheinmetall (RHMG.DE) is in negotiations about building a tank factory in Ukraine, the newspaper Rheinische Post reported on Saturday, citing an interview with CEO Armin Papperger. Rheinmetall makes ammunition, other military equipment and also the Leopard tanks that Germany decided to send to Ukraine, which the company produces jointly with Krauss-Maffei Wegmann. "A Rheinmetall plant can be set up in the Ukraine for around 200 million euros ($212.64 million), which can produce up to 400 Panthers a year," Papperger was quoted as saying. He said Ukraine needed 600 to 800 tanks and the construction of new tanks must start quickly to achieve that number, he said. Its shares hit a record high in January after Germany's decision to send the heavy Leopard tanks to Ukraine.

NATO has just completed an extraordinary survey of the remaining munition stocks, a NATO official told Reuters on condition of anonymity. "Those NATO (munitions targets) that we set, and each ally has a specific target, those were not being met for the most part (before the Ukraine war)," the official said. "I would be absolutely gobsmacked if the targets…were not increased," said the NATO official. After the Cold War, the production of ammunition had turned "quite artisanal", said the NATO official. "I don't necessarily think that within the next year our stockpile levels will increase massively," the NATO official said.

DUESSELDORF, Jan 28 (Reuters) - German arms maker Rheinmetall (RHMG.DE) had a record year in 2022 and is approaching an order backlog of 30 billion euros, CEO Armin Papperger told Reuters in an interview. "We are approaching an order backlog of 30 billion euros, and I expect to see an order backlog of 40 billion euros next year," said the CEO of the company, which sells a whole range of defence products but is probably most famous for supplying the 120mm gun of the Leopard 2 tank. Rheinmetall expects sales to grow to 11 billion-12 billion euros ($12 billion -$13 billion) in 2025, he told German magazine Stern. The projection is higher than the 10 billion-11 billion euro range Rheinmetall gave during its capital markets day in November. For 2022, the company expects 6.5 billion euros in sales.

In 2022, Rheinmetall made some 60,000 to 70,000 rounds each of tank and artillery shells, according to Papperger, who said production could be boosted immediately. A few days before the meeting with the new defence minister, Papperger pushed for an increase of Germany's defence budget. "The 51 billion euros in the defence budget will not suffice to purchase everything that is needed. Even before Russia's invasion of Ukraine, Germany was 20 billion euros short of reaching NATO's target for ammunitions stockpiling, according to a defence source. To plug the munitions gap alone, Papperger estimates the Bundeswehr (German armed forces) would need to invest three to four billion euros per year.

☆ Germany's Leopard tank move puts spotlight on its maker: Rheinmetall
▼ + stars: | 2023-01-25 | by ( Christoph Steitz | ) www.reuters.com time to read: +4 min

A day later, Germany's long-awaited decision to send heavy Leopard tanks to Ukraine, which Rheinmetall produces jointly with peer Krauss-Maffei Wegmann, pushed shares in the nearly 134-year old firm to a record high. You can see that right now in Ukraine," Papperger, a trained engineer who joined Rheinmetall in 1990, said. The group has said it can deliver a total of 139 Leopard tanks - 51 of the model 2 and 88 of the older model 1 - to Ukraine. Rheinmetall has said that 29 of the Leopard 2A4 tanks could already be delivered by April or May. Analysts at Stifel Equity Research estimate Leopard deliveries could bring in between 300 million euros and 350 million euros of sales for Rheinmetall this year and next.

☆ Tank maker Rheinmetall raises sales view as Ukraine war boosts demand
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +3 min

Shares in Rheinmetall, which together with Krauss-Maffei Wegmann makes the Leopard tanks Germany is under pressure from Kyiv and some allies to send to Ukraine, have risen 170% in the past year. For 2022 the company expects sales of 6.5 billion euros. A company spokesperson told media group RND that it could deliver 139 Leopard tanks to Ukraine if needed. It could also supply 88 older Leopard 1 tanks, the spokesperson said, without giving a timeframe for potential delivery. It said positives, including mid-term defence spending, had been priced into the stock.

☆ Repaired German Leopard tanks for Ukraine ready in 2024 at earliest, armsmaker says
▼ + stars: | 2023-01-15 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Jan 15 (Reuters) - German armsmaker Rheinmetall (RHMG.DE) could only deliver repaired Leopard 2 battle tanks to Ukraine in 2024 at the earliest, its chief executive was quoted as saying by Bild newspaper on Sunday. Germany announced earlier this month that it would provide Ukraine with Marder infantry fighting vehicles to help repel Russian forces. But Kyiv has also requested heavier vehicles such as the Leopards, which would represent a significant step-up in Western support to Ukraine. Still, critics say German Chancellor Olaf Scholz and his ruling SPD are too slow, waiting for allies to act first instead of assuming Germany's responsibility as the Western power closest to Ukraine. Economy Minister Robert Habeck said earlier this month delivering the heavier Leopard tanks could not be "ruled out".

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