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.
SR Technics has opened a sales office in Sunrise, Florida, to drive the expansion of its business in the Americas.
Entering the American market is a key element in the overall growth strategy of the SR Technics Group and the company says having a local presence is “a major step in developing the customer relations required”.
The new office, registered under SR Technics America, Inc, is headed by Steve Rugg, SR Technics’ vice-president sales Americas.
As part of its growth strategy, SR Technics aims to provide integrated maintenance, repair and overhaul (MRO) solutions for airlines based in North and Latin America, with a particular focus on component and engine services.
In partnership with Sanad, the aircraft component financing company incorporated in Switzerland and launched by Mubadala Development Company in February 2010, SR Technics will offer additional financing solutions, such as sale-and-leaseback options for components, engines and other assets.
“We are convinced that we can support airlines based in the Americas with MRO services that deliver the world-class standards for safety, quality, reliability and aircraft availability for which SR Technics is renowned,” commented Ray Sisson, SR Technics’ chief commercial officer. “By pairing our maintenance services with financing solutions provided by Sanad, we are extending our service portfolio well beyond those available from traditional MRO providers to offer our customers genuine added value.”
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.