Defence Industry Europe’s Post

Accelerating sales growth and substantially increased revenues characterize the business performance of German defence company Rheinmetall in the first half of 2024. Business with the armed forces of Germany and partner nations in the EU and NATO along with assistance to Ukraine continue to significantly improve business performance. Sales in the civilian business also improved slightly from the previous year. With demand consistently high, the market situation in the defence industry continues to grow. The Group also saw noticeable improvement in operating free cash flow. Key numbers: ➡ Boom in military business: Group sales increase of 33% in the first half of 2024 to more than €3.8 billion  ➡ Continued strong increase in orders: Rheinmetall Nomination more than doubles to more than €15 billion  ➡ Rheinmetall Backlog reaches new high at €48.6 billion  ➡ Operating result nearly doubles from €212 million to €404 million  ➡ Operating margin climbs to 10.6%  ➡ Operating free cash flow improves by €306 million to €-19 million  ➡ Annual guidance for 2024 confirmed Read more here 👉 https://lnkd.in/dgWnW4YZ #defence #industry #military #Germany #Rheinmetall #EU #NATO #technology #business #armedforces

The joint stock company Ukrainian Defense Industry (UDI) has secured the 49th position in the prestigious TOP 100 defence companies 2024 ranking. This annual list, compiled by the influential global resource "Defense News", features the world's leading arms manufacturers. Notably, the Ukrainian company has emerged as the leader in revenue growth from military product sales. In 2023, the company, known as Ukroboronprom, improved its position significantly from the previous year, jumping 16 spots from 65th place in 2022. The revenue from military product sales in 2023 saw a remarkable increase of 72% compared to 2022. This impressive growth rate makes it the fastest-growing company among the top 100 global arms manufacturers. “The goal of the entire Ukrainian defense industry is to produce as much weaponry as possible for the defence forces, to manufacture it as quickly and with maximum quality, to adapt and modernize every minute to preserve the lives of our warriors,” said Ukraine’s Minister of Strategic Industries Alexander Kamyshin. Find out more here: https://lnkd.in/ds_nWvjG #Ukraine #UDI #Ukroboronprom #defence #industry #military #TOP100 #DefenseNews #armedforces

QinetiQ has been awarded the Aerial Training Services (ATS) Contract with the German Armed Forces Procurement Office for the Bundeswehr (German Federal Armed Forces). The 10-year contract is worth €284 million with an option for an additional two-year extension. It represents the largest and longest contract award for QinetiQ’s Global Threat Representation business, providing long-term visibility and enabling future growth for our German operations. Steve Wadey, Group Chief Executive Officer of QinetiQ said: “In the current heightened threat environment, the award of the Aerial Training Services contract demonstrates QinetiQ’s commitment to ensuring the German Armed Forces are always operationally ready for their missions. The contract will form a crucial part of our Global Threat Representation offering across all domains. We are very proud of our highly skilled employees who will deliver thousands of flight hours of training per year for our customer.” Find out more: https://lnkd.in/dS-f8rff #QinetiQ #Germany #Bundeswehr #armedforces #training #defence #industry #military #aerospace #Europe

Swedish defence equipment manufacturer Saab has reported a stronger-than-expected increase in quarterly operating earnings, maintaining an optimistic outlook for soaring sales and profits throughout the year as nations intensify efforts to bolster their military capabilities.  In its Friday announcement, Saab reiterated its forecast for organic sales growth of 15-20% in 2024, with an even more significant rise in operating earnings. For the second quarter, the company posted a 25% increase in operating profit, reaching 1.33 billion SEK (€116 million) compared to analysts’ estimates of 1.29 billion SEK (€113 million). “This marks the second-highest quarter in terms of order bookings in the company’s history,” Saab CEO Johansson Micael stated. “The urgent need to provide Ukraine with more support and a clear uplift of European defence capabilities will remain a driver of growth in the industry for many years.” Find out more: https://lnkd.in/e5ZPgAXF #Saab #Sweden #defence #aerospace #technology #industry #military #business #report

#MSPO - Day 1 Two months after the enthusiastic edition of #Eurosatory 2024, the MSPO trade show opened its doors today, and immediately confirmed the vigor of the defense sector. Increasing its size and multiplying the diversity of exhibitors years over years, the Polish defense exhibition confirms that now it is a "must attend" event for the defense industry ! I have been delighted to meet again customers and prospects today, and exchange about future projects which will strengthen further our collaboration ! Can't wait to see what day 2 will bring ! #military #defense #defensetechnology #defenseindustry #armoredvehicles #tacticalvehicles #payloadperformanceprotection #MSPO #MSPO2024 #Cummins #CumminsDrivelinesandBrakesSystems

The British Army's future main battle tank, the Challenger 3, has demonstrated its formidable capabilities in a series of live firings this week in Germany. The event was attended by the UK Defence Procurement Minister, James Cartlidge. During the live firings, the Challenger 3 tank was tested for its precision by hitting targets at various distances, using the Rheinmetall ranges to align with NATO Reference Standards for new weapons and ammunition. This event underscores the UK’s commitment to maintaining robust defence capabilities and contributing significantly to NATO’s collective security measures. The development and production of the Challenger 3 are being led by Rheinmetall BAE Systems Land (RBSL) under a GBP 800 million contract. This initiative not only bolsters the military capabilities of the UK but also generates nearly 300 high-skilled jobs at RBSL, including positions for 130 engineers and 70 technicians, with an additional 450 jobs spread across the UK. Read more here: https://lnkd.in/dUyz4Pkh #Challenger3 #MBT #tank #UK #BritishArmy #RBSL #Rheinmetall #defence #industry #military #technology

⚪ The German Vice Chancellor Robert Habeck met with representatives of 20 defence companies and #startups to discuss further military support for #Ukraine. ⚪ The German Minister of #Economy spoke in favor of increasing the volume of armaments and #military equipment production, stating that Europe must ensure its defence capabilities on its own. ⚪ He emphasized the need to restore national defence scenarios, as the situation in the #world has changed and a ground war could suddenly return. ⚪ Representatives of the companies participating in the meeting are calling for improved planning #security, simplified licensing procedures, and better access to capital.  The meeting is attended by: 1. Rheinmetall 2. Quantum-Systems 3. Helsing 4. Airbus Defence and Space 5. Rohde & Schwarz 6. Airbus Helicopters 7. Diehl Defence 8. OHB System AG 9. Thyssen Krupp Marine Systems 10. HENSOLDT 11. Krauss-Maffei Wegmann GmbH & Co. KG 12. RENK AGENCY 13. NAVAL GROUP 14. MBDA ⚪ Also, on the eve of the meeting, the Minister of Economy had already called for an increase in public debt to stimulate military production and support countries, including #Ukraine. #StandWithUkraine #russionagression #partnerships #strategy #future #HelpingHand

About Us Paving our way to Vision 2030 Al-Sumari Military Industries Project is a company wholly owned by the Iraqi inventor Ghazwan Al-Azzara. It was launched in 2016 and operates according to the directives outlined in Iraqi inventor Ghazwan Al-Azzara’s Vision 2030. Al-Sumari Iraqi Military Industries aims to be among the world’s best defense companies by 2030, and is expected to play a major role in localizing 50% of total spending. Government defense in Iraq. Our vision To be among the top 25 defense industry companies around the world by 2030, by developing world-class military products and services and achieving self-sufficiency in the Iraqi defense industries through advanced technologies and the best national talent. Our mission To develop advanced technologies, manufacture world-class products, and provide high-quality services to expand the scope of the defense industry sector and secure the necessary supplies for our customers. #Al_Sumari_Military_Industries

🇩🇪💪 VINCORION has signed a 12-million euro deal to supply the German Army’s Boxer armored fighting vehicles with onboard generators. More than 700 EPG huskyV W 600 generators are set to be delivered, with potential additional orders bringing the total to 1,000 units. Aside from managing the Boxer’s energy supply, the 600-ampere system will power the vehicles’ various mission modules. “Delivery of the generator for the Boxer is a very important order for us,” VINCORION managing director Dr. Stefan Stenzel said. “This tells us demand for the Boxer remains high. It also shows that manufacturers of modern military technology are placing their trust in VINCORION components and are using these to equip their vehicles.” #military #techology #militarytechnology #militarytech #innovation #defense #defence #defenseindustry #defenceindustry #germany #boxer #fightingvehicle #generator

The Netherlands has received approval from the U.S. Department of State to purchase and modernise M903 launchers for its Patriot air defence systems. The transaction, valued at up to USD 224 million, may be conducted through the Foreign Military Sales (FMS) programme. The Dutch government has requested the purchase of two M903 launchers, along with a range of modernisation packages and services to upgrade its existing M901 launchers to the same standard. The package includes modification kits, conversion kits for PAC-3 MSE missiles, control systems, logistical support, spare parts, and additional logistical, engineering, and technical support. The main contractors for the potential deal will be Lockheed Martin RTX. Find out more 👉 https://lnkd.in/dDZKVwS2 #Netherlands #airdefence #missiledefence #Patriot #PAC3MSE #launcher #M903 #defence #industry #military #NATO #GBAD #IAMD