Rheinmetall aims for EUR 40 billion annual turnover by 2030

In an interview with Handelsblatt, CEO Armin Papperger outlined Rheinmetall’s strategic vision, stating that the company aims to achieve an annual turnover of EUR 40 billion by 2030. Papperger highlighted that crossing the EUR 10 billion revenue threshold this year would represent a 40% year-on-year increase, positioning the company well on its path to achieving its long-term goals.

Papperger noted that the expansion strategy would involve both organic growth and acquisitions. Recent examples include the acquisition of the American company Loc and the Spanish firm Expal, which are expected to bolster Rheinmetall’s global footprint and product offerings.

In addition to its revenue growth, Rheinmetall reported a significant rise in incoming orders and newly signed framework contracts, which more than doubled to EUR 15.4 billion in the first half of 2024. The company’s portfolio includes tanks, artillery systems, air defence systems, military trucks, and ammunition. Rheinmetall plays a crucial role in supplying and modernising NATO forces and has become a key supplier of military equipment to Ukraine.