Rheinmetall Wins $1.2 Billion Contract for German Military Vehicles
Rheinmetall Secures $1.2 Billion Contract for German Military Vehicles
German arms manufacturer Rheinmetall has announced a contract with the German armed forces valued at over $1 billion to enhance the military's logistics vehicle supply.
Contract Details
The order encompasses more than 2,000 military vehicles and is part of a broader framework agreement signed in 2024 for a total of 6,500 vehicles. The contract is valued at €1.015 billion (approximately $1.18 billion).
Delivery Timeline
Deliveries are expected to begin in the first half of this year, with the vast majority of vehicles likely delivered before the end of 2026.
At the time of the announcement, Rheinmetall shares were up 2.2% at €12.60 in early European trading.
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