Rheinmetall AG Reports Significant Revenue Increase in FY 2024; Sales by Segment Show Mixed Results
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Rheinmetall AG reported a significant revenue increase for FY 2024, with sales reaching €29.9 billion. The company, focused on defense systems, saw mixed results across segments: Weapon and Ammunition sales fell by 6%, while Electronic Solutions rose by 21%, Vehicle Systems by 29%, and Power Systems by 18%. Rheinmetall aims for growth in the German market and internationally, particularly in the US, targeting a sales increase from €366 million in 2023 to around €2 billion. The outlook suggests potential revenue growth through higher-margin electronic systems and strategic partnerships.
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