Rheinmetall reports “boom” as results hit new records with orders for vehicles, ammunition and weapons
Rheinmetall is riding high as Europe scrambles to boost its defence forces and replenish spent stockpiles sent to Ukraine.
Nordic Aviation Capital (NAC) has completed the purchase of five ATR 72-500s from ATR’s asset management arm, ATRiam Capital, with leases attached to Lufthansa, whose subsidiary Air Dolomiti is operating the aircraft.
The move follows NAC’s announcement on 4 February of the purchase of one ATR 42-500 aircraft, also from ATRiam.
Nordic Aviation Capital has its principal headquarters in Billund, Denmark, complemented by regional offices in the US, Ireland, France, Switzerland and Singapore. It is currently the largest independent turboprop lessor in the world with a fleet of more than 130 aircraft including ATR 42 and 72, Bombardier Dash 8 and CRJ 200, Boeing 737 and MD-83, Fokker 50 and Saab 2000 aircraft.
Rheinmetall is riding high as Europe scrambles to boost its defence forces and replenish spent stockpiles sent to Ukraine.
The forecast came as the Italian firm presented its new 2025–29 industrial plan to analysts, with its future figures bolstered by the European increase in defence spending.
Speaking before a committee on European affairs, the speakers addressed recent developments following an eventful few days. During this period, the UK pushed for increased support for Ukraine, while the EU eased budget constraints to allow for greater defence spending. Meanwhile, across the Atlantic, US President Donald Trump introduced tariffs that could impact the defence industry.
NATO and other Western countries had been singing from the same song sheet since the full-scale invasion of Ukraine by Russia three years ago but the alliance has been weakened as the new US administration under President Donald Trump pauses military aid to Ukraine.
Since the release of Ireland’s Commission on the Defence Forces (CoDF) report two years ago there have been whisperings about the potential of Ireland buying fighter jets, one of the most ambitious recommendations. The prospect has now inched closer.
UK Prime Minister Keir Starmer raises defence spending, while both NATO and President Trump demand significant further increases.