Rheinmetall Secures Record €8.5 Billion Artillery Contract with Bundeswehr, Ukraine Aid

Jun 20, 2024, 03:14 PM

Rheinmetall, a German arms manufacturing giant, has received an extension of an existing framework contract for 155mm artillery ammunition from the German government. The total value of the contract has risen significantly by over 700% from €1.2 billion to €8.5 billion, making it the largest order in the company's history. The primary buyer will be Germany's Bundeswehr, with deliveries scheduled to begin in early 2025. A portion of the ammunition will also be supplied to Ukraine. Other partners in the contract include Denmark, Estonia, and the Netherlands.