Germany’s Rheinmetall is expecting a busy year or two as the company that makes the Leopard 2 tanks, badly wanted by Ukraine, expects sales to go as high as $13 billion by 2025
CEO Armin Papperger come as Germany has earmarked 100 billion euros to bring its military back up to scratch after decades of attrition since the end of the Cold War.to step up defence supplies to Ukraine, including Leopard tanks manufactured by Rheinmetall together with Krauss-Maffei Wegmann.
He said what was needed now was close coordination with the German government so defence companies such as Rheinmetall, which spent 700 million euros in capacity expansion and hired 2,000 new staff last year, have planning security.Papperger told German magazine Stern that he expects sales to grow to between 11 billion and 12 billion euros in 2025, up from a range of 10 billion to 11 billion euros given by the company in November.
The Leopard 2 battle tank is armed with Rheinmetall's 120mm smoothbore gun and the company also supplies ammunition, fire control technology and C4I systems for it. It could also supply 88 older Leopard 1 tanks, the spokesperson said, without giving a timeframe for potential delivery.
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