The Rheinmetall Group’s Defence sector generated sales of Euro 1.6 billion in the first nine months of 2015.
This corresponds to growth of Euro 241 million or 17% compared to the previous year’s figure of €1.3 billion. Adjusted for currency effects, the growth was 15%.
The sector’s earnings before interest and taxes (EBIT) increased by Euro 89 million year on year to €-11 million. The considerable sales increase in the Combat Systems division had a particularly positive effect on earnings development.
On the basis of the individual quarters of the current fiscal year, the Defence sector’s earnings performance shows a positive trend. Operating earnings reached €16 million in the third quarter after Euro-28 million in the first three months and Euro 1 million in the second quarter of 2015.
Traditionally, major sales and earnings contributions are not generated in the Defence business until the fourth quarter.
Rheinmetall has offered a fire control device, Vingmate MR 500 to US Army for Grenadier Sighting System program. The company claims that the device is capable of improved first-shot hit capability at all ranges
Rheinmetall MAN Military Vehicles has presented versatile Armoured Multi-Purpose Vehicle (AMPV) at the International Defence Industry Exhibition MSPO. Various weapon stations can be integrated into the AMPV
Rheinmetall has offered the latest BOXER 8x8 Cavalry Reconnaissance Vehicle, Lance Turret and Northrop Grumman C4ISR Architecture to Australia. The company announced Thursday that it has submitted a bid in response to the Australias LAND 400 Phase 2 - Mounted Combat Reconnaissance Capability request for tender
Rheinmetall has won a 390 million euro contract to modernize its Skyguard air defense systems from an international customer. The modernization program consists of equipping the missile/gun air defence systems with advanced radar technology
Rheinmetall has won around Euro 20 million worth contract from an international customer to supply practice tank ammunition. The DM78A1 and DM78A3 subcalibre practice ammunition will be delivered in two lots between 2016 and 2018, the compay announced today
Russia Seeks Customers for 6 Upgraded, Former Indian Air Force Su-30 Fighters
Ukraine Gets 3 More Turkish Bayraktar TB2 Combat Drones
Turkey's Domestic Long Range Radar to be Ready Soon
US Develops Alloy 50% Stronger than Steel for Bunker-Buster Bombs, Aircraft &
Bangladesh to Buy Fighter Jets, Apache Gunships & Missile Systems from US
New GJ-11 Stealth Combat Drone with Flying Wing Design takes part in...
India's Tejas Mk2 in Final Trials
USAF Develops "Thor" Electromagnetic Weapon to Hammer Enemy Drones
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...