Rheinmetall AG
TypePublic (Aktiengesellschaft)
ISIN
IndustryDefence
Founded13 April 1889 (1889-04-13)
FounderLorenz Zuckermandel
Headquarters
Düsseldorf
,
Germany
Key people
ProductsAutomotive parts, military vehicles, autocannons, ATGMs, anti-aircraft defence systems, artillery, mortars, tank guns, munitions, ammunition, fuze systems, electronics
RevenueIncrease €6.410 billion (2022)[1]
Increase €754 million (2022)[1]
Steady €535 million (2022)[1]
Total assetsIncrease €8.089 billion (end 2022)[1]
Total equityIncrease €3.083 billion (end 2022)[1]
Number of employees
Increase 25,486 (end 2022)[1]
Subsidiaries
Websitewww.rheinmetall.com

Rheinmetall AG is a German automotive and arms manufacturer, headquartered in Düsseldorf, Germany. The Group was promoted to the DAX, Germany's leading share index, on March 20, 2023.[2]

History

The Hörder Verein established the Rheinische Metallwaaren- und Maschinenfabrik Aktiengesellschaft in 1889. Banker and investor Lorenz Zuckermandel[3] (1847–1928) was one of the founders and the first chairman of the supervisory board. The company manufactured steel products, including armaments.

During the post-World War I disarmament of Germany, Rheinmetall diversified, but by the 1930s armament manufacture resumed. In 1933, it acquired A. Borsig GmbH, which manufactured locomotives.[4]

In 1999, Rheinmetall purchased the Swiss firm Oerlikon Contraves, which was renamed to Rheinmetall Air Defence in 2009.

Rheinmetall purchased the Swiss firm Oerlikon Contraves Pyrotec, which was renamed to RWM Schweiz AG.

In 2009, Rheinmetall purchased RF Engines on the Isle of Wight.[5]

Rheinmetall at a glance

In fiscal year 2022 (2021), the company generated sales of €6.410 billion (€5.658 billion) with a total of 25,486 (23,945) employees (FTE) and reported EBIT of €731 million (€608 million). The 2020 financial year (2019) brought total sales of €5.405 (6.255) billion with 23,268 (23,780) employees (FTE) worldwide.[6] In 2022, Rheinmetall was the largest defence company in Germany and the fifth largest in Europe. The company has been listed in the German DAX share index since 20 March 2023.[2]

With its Vehicle Systems divisions (Europe and International), Rheinmetall is primarily active in the field of wheeled and tracked military vehicles[7]. The Weapon and Ammunition division is active in weapon systems and ammunition. The Electronic Solutions division produces solutions for the digitalisation of armed forces, infantry equipment, air defence and simulation. The Sensors and Actuators division provides solutions for industrial applications and e-mobility as well as components and control systems for reducing emissions. The Materials and Trade division supplies plain bearings and structural components and operates the global aftermarket business.[8]

References

  1. 1 2 3 4 5 6 Annual Report 2022 (PDF) (Report). Rheinmetall. Retrieved 5 December 2023.
  2. 1 2 "Ukraine war propels arms maker Rheinmetall into DAX index – DW – 03/20/2023". dw.com. Retrieved 4 December 2023.
  3. ↑ Ehrhardt: Not the founding father. Article in Newsline—The Rheinmetall company magazine. Special 2014 anniversary issue, p. 16
  4. ↑ Kudo, Akira (1998). Japanese-German Business Relations: Co-operation and Rivalry in the Interwar Period. London: Routledge. p. 55. doi:10.4324/9780203018514. ISBN 978-0-203-01851-4.
  5. ↑ "Rheinmetall Electronics UK". rheinmetall-defence.com. Rheinmetall AG. Retrieved 20 February 2023.
  6. ↑ Rheinmetall AG. "Financial Publications". ir.rheinmetall.com. Retrieved 4 December 2023.
  7. ↑ "Hungary to Participate in Tank Development With German Company Rheinmetall". HungarianConservative.com.
  8. ↑ "RHM.XE | Rheinmetall AG Company Profile & Executives - WSJ". www.wsj.com. Retrieved 4 December 2023.
Wikimedia Commons has media related to Rheinmetall.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.