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 announced plans to consolidate its component services organisation, and all supporting functions currently performed at London-Stansted, in Zurich.
The company says the move will allow it to improve further its operational efficiency and productivity to lower operational costs.
SR Technics will continue to operate its line maintenance business in the UK through its current line station network and will maintain and develop its logistics operations in the UK. It plans to consolidate all logistics operations at the current London-Heathrow logistics centre.
Bernd Kessler, CEO of SR Technics, commented, “At the heart of the ongoing reorganisation is our aim to raise our efficiency, lower our Group’s overall operational costs and to further develop our operational capabilities, service offerings and global footprint. By achieving these objectives, we will tangibly improve our competitiveness and the service we provide to our customers.
“Management will work closely with the unions and employee representatives to support all employees affected by these plans at London-Stansted,” Kessler added.
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.