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 ...

German defense contractor Rheinmetall’s stock price has skyrocketed more than 1,000% since Russia invaded Ukraine in 2022. As the EU plans a €800 billion boost in defense spending, Rheinmetall ...

German defense giant Rheinmetall has acquired Michigan-based advanced manufacturing company Loc Performance Products for $950 million as its American subsidiary vies for some of the biggest U.S ...

Rheinmetall AG is seeing record growth because of Europe’s defense ramp-up in response to Russia’s invasion of Ukraine, with annual jumps in revenue expected for years to come.

Rheinmetall would ramp up its annual production of artillery rounds from 100,000 to 600,000 next year, and much of that extra output would be earmarked for delivery to Ukraine, he said.

The Latvian government is in talks with German weapons manufacturer Rheinmetall AG on producing defense equipment domestically as part of an effort by Baltic nations to bolster their military ...