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Rheinmetall has received several major orders from a NATO customer to supply components for force protection equipment. The orders are worth a total of nearly €250 million gross. Delivery of the components is expected to start in 2023 and be complete by 2025. “The armed forces of our country and those of our partner nations rely on our products to protect those who defend our right to live in peace, freedom, and security,” said Armin Papperger, CEO of Rheinmetall. “We have made it our mission to provide our men and women in uniform with the best possible equipment, giving them a vital edge when deployed in harm’s way and helping to ensure that they get home safely. Aware of what is at stake, our staff give their best every day.” Rheinmetall's comprehensive expertise in force protection technologies ranges from individual passive ballistic solutions such as hard ballistic inserts for protective vests to state-of-the-art stand-off active protection systems for armoured fighting vehicles.
****Operating result and margin improved further*** · Consolidated sales of €1,266 million on a par with the previous year · Consolidated operating result increases from €84 million to €92 million – growth of 10% · Further improvement in operating margin – 7.3% after 6.7% in the same quarter of the previous year · Continued high growth in orders · Annual forecast for 2022 confirmed Rheinmetall AG further strengthened its profitability in the first quarter of 2022 while maintaining stable business performance. As a result, our technology group is on course to achieve its ambitious profitability target for fiscal 2022 and further boost income. The Rheinmetall Group confirmed its annual forecast from March 2022 and is anticipating growth in sales in conjunction with a higher operating margin and, in turn, a further improved operating result in fiscal 2022. Follow the link to the full press note.
Dagmar Steinert, 57, has been appointed to the Executive Board of Rheinmetall, effective 1 January 2023. Steinert, currently a member of the board of management of Fuchs Petrolub SE responsible for commercial operations as well as legal affairs, compliance, and digitization, is due to succeed Helmut P. Merch, 66, as Chief Financial Officer of Rheinmetall, who retires at the end of 2022. Ulrich Grillo, Chairman of the Supervisory Board of Rheinmetall AG, and Armin Papperger, Chairman of the Group’s Executive Board, issued the following joint statement: “In Dagmar Steinert we are gaining an outstanding expert in all areas of corporate finance, who moreover has a great deal of experience in communicating with the capital markets. She will continue Helmut Merch’s longstanding successful work on the Executive Board, thanks not least to her excellent knowledge of Rheinmetall’s business, processes, and corporate culture, gained when she was a Group executive.” To the full article follow the link.
Anzac Day, 25 April, is a day of significant remembrance in Australia and New Zealand. Anzac Day commemorations, including dawn services, parades and marches, will take place across Australia and New Zealand, and we take time on this day to reflect, honour and remember the brave women and men who have served during wars, conflicts and peace keeping operations. Initially, Anzac Day commemorated Australian and New Zealand troops (the ANZACs) who served and sacrificed their lives in the Great War. However, in the years since WWI, Australian and New Zealand troops have answered the call in conflicts across the globe, and the date has become the day on which our nations remember all those who have served to secure our freedoms and peace. Today, the Anzac spirit is the benchmark for standards of courage, mateship and determination. As we reflect and commemorate, we at Rheinmetall take this opportunity to recognise and thank those who have served, and continue to serve in the Defence of their country. #rdalife #anzac #lestweforget #veterans
Successful live-fire demo in Sweden of Rheinmetall Mission Master SP and Thales 70 mm guided rockets Rheinmetall’s Mission Master Autonomous Unmanned Ground Vehicle has once again proved its versatile capabilities in a demonstration conducted for six European allies. The Rheinmetall Mission Master SP used laser-guided FZ275 rockets from Thales in a live-fire exercise. The demonstration took place at the Trängslet base of the Swedish procurement agency Försvarets Materielverk (FMV) near Älvdalen. Delegations from Belgium, Denmark, Sweden, Norway, the Netherlands and Poland were present. The Rheinmetall Mission Master SP is part of the Autonomous Unmanned Ground Vehicle (A-UGV) family developed by Rheinmetall Canada.
🚨 New benefit alert! 🚨 In January 2022 Rheinmetall Defence Australia introduced a 9 day fortnight for all of its Australian and New Zealand employees. The initiative was introduced in recognition of the continued hard work that everyone puts in to deliver our customers, and provides a meaningful way to provide our teams with a “long weekend” every fortnight. For everyone, it also means that our salary and wages, leave entitlements, superannuation and other remuneration and benefits will be unchanged. Moving to a 9 day fortnight is a small, but important way that Rheinmetall says thank you to our employees.
So far in 2022 across our Australian Rheinmetall operations we have donated blood and plasma 25 times. Each donation can save 3 lives, so we are up to 75 lives saved already this year! At our MILVEHCOE facility, we have an arrangement where #Lifeblood provide shuttle van services to make it easy for our employees to continue to donate blood, two days each, every quarter. Our employees nationally also contribute to the tally and donate to their local Lifeblood centre from anywhere in Australia. We are honored and very proud to be part of this vital community service and #thank our wonderful team members for their ongoing support of this initiative.
Hydrogen is seen as a key element in the transition to climate-neutral forms of energy and mobility. We were quick to spot this trend and began developing products for fuel systems over twenty years ago. We continue to pursue our development efforts in this domain and are currently working on a series of innovative balance-of-plant components. Besides components for regulating the flow of hydrogen, our portfolio also includes various cathode-side valve solutions. To meet various customer requirements regarding utilization, installation space and interfaces in the best possible way, the production valves are based on a modular principle. For instance, this means that the valves can be used in fuel cells with an electrical output of up to 200 kilowatts. In addition, we offer numerous variations of the basic design, covering the complete range of available of electric actuators and interfaces. This way, practically every customer requirement can be met.
