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Is Europe preparing for war? Record orders for weapons from German company Rheinmetall

2025-03-14 17:57:54Kosova&Bota SHKRUAR NGA REDAKSIA VOX
Is Europe preparing for war? Record orders for weapons from German company
Rheinmetall weapons in high demand

At the annual meeting of the Rheinmetall concern, the director said that "in his 35 years he has never experienced such great demand." Orders are coming in from all sides!

At the Rheinmetall Group's annual results presentation at its headquarters in Düsseldorf, CEO Armin Papperger admitted that "he has never experienced anything like this in his 35 years working at Rheinmetall."

During the Munich Security Conference alone, a few weeks ago, around fifty heads of state or government or their respective ministers requested a meeting with one of Germany's largest arms manufacturers. The company's headquarters in Düsseldorf currently has requests and orders worth 55 billion euros. That's 17 billion more than last year's record - it's more than ever before.

Everything needed for the army is being ordered: from ammunition to armored vehicles to tanks. Rheinmetall also cooperates with Munich-based KNDSDeutschland. The company is also being ordered for Leopard tanks, missiles, radars and air defense systems, drones, military digital technology...

Europe was forced to be more independent

Everything is required: "The United States, I say this without any accusation, will force Europe to invest more in its security." "It's a big change, but I think it's a good sign for industry in Europe, because maybe it can become more independent. And by the way, this is also important for politics," thinks Papperger.

An arms race has begun in Europe, the head of Rheinmetall sums up. His company is benefiting from it like few other German companies: revenues and profits have increased by around 35 percent.

The increase should be at that rate this year as well. Papperger is convinced that this is "just the beginning." According to the German arms manufacturer's estimate, if NATO members were to actually start spending 2.5 to 3.5 percent of their GDP on defense, that would be "a potential turnover of between 300 and 400 billion euros by 2030," he said.

So far, about a third of Rheinmetall's production has gone to the German army, but the Bundeswehr wants much more weapons and equipment, as do other countries. Rheinmetall is already building new factories across Europe. It even suits them that the car industry is in trouble. The company is making plans to use 22 companies that once produced parts for the car industry, but are now canceling cooperation. Specifically, it is a company near Berlin with 350 employees, but also one in Neuss near Düsseldorf, where 1,500 people are employed.

Secure job, secure income

The military industry sector is urgently looking for new staff for such a huge business growth. Rheinmetall currently employs 32,000 people, but the number of employees is growing every day. That's why they are happy that they can possibly hire metalworkers from the automotive industry.

"We have returned to an employment base," says Papperger. At the same time, a certain number of employees will retire. This means that the company will hire around 8,000 workers a year. Paperger believes that in two years Rheinmetall will have around 40,000 employees. In addition, there will be around 120,000 employees in around a thousand supplier companies in Germany.

Rheinmetall's largest factories are in Unterlis in Lower Saxony, between Hanover and Hamburg. But they also have factories in Kassel, Kiel, Bremen and Munich. In addition to secure jobs for employees, shares in the arms industry have also become a secure income for investors: since Russia's attack on Ukraine, Rheinmetall's value as an arms manufacturer has increased tenfold.

"The development of the value of our shares can be called phenomenal," says Paperger. "We have seen an increase in value of over 2,000 percent in the last ten years, so we have truly climbed to the Olympus of large companies. Few companies have ever recorded such a growth rate," he says.

Rheinmetall CEO Armin Papperger, 62, is under constant police protection because his company is one of the most important arms suppliers to Ukraine. It is said that there were plans in Moscow to assassinate him./ ag/dw


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