Rheinmetall expects recovery of defence sales in 2014
Rheinmetall has reported a lower group operating profit for 2013 compared to 2012 as defence sales have been affected by a challenging budget environment.
Operating profit decreased from €268 million in 2012 to €213 million in 2013. A year-on-year decline of 8% to €2.2 billion was recorded for defence revenues. While the defence operating profit, totalling €60 million, was €25 million lower than in the previous year, it was in line with expectations.
In addition, restructuring measures expensed at €86 million have adversely affected the group result.
‘We initiated important restructuring measures to lay the foundation for profitable growth in
Already have an account? Log in
Want to keep reading this article?
More from Land Warfare
-
![Singapore’s DSTA and Sweden’s FMV to collaborate on land systems]()
Singapore’s DSTA and Sweden’s FMV to collaborate on land systems
New agreement between Singapore’s DSTA and Sweden’s FMV signals deepening cooperation on land systems, with potential focus on counter-UAS and mobile air defence solutions.
-
![Company formed to lead Franco-German main battle tank replacement]()
Company formed to lead Franco-German main battle tank replacement
Launched at the initiative of the French and German governments, the Main Ground Combat System (MGCS) project aims to replace the German Leopard 2 and French Leclerc main battle tanks with a multi-platform ground combat system by 2040.
-
![British Army defeats swarm with Thales radio frequency anti-drone system]()
British Army defeats swarm with Thales radio frequency anti-drone system
Developed by a Thales UK-led industry consortium, the demonstrator has been designed to explore the potential of radiofrequency weapons for the UK Armed Forces and is being trialled by the British Army.
-
![US approves $825 million sale of Stinger Block I missiles to Morocco]()
US approves $825 million sale of Stinger Block I missiles to Morocco
The 600-missiles will be used to expand the Moroccan armed forces’ short range air defence capabilities.
-
![Hanwha Aerospace to jointly produce guided missiles in Poland]()
Hanwha Aerospace to jointly produce guided missiles in Poland
The joint venture between Hanwha Aerospace and Poland’s WB Group will see them locally produce CGR80 missiles for the Homar-K multiple rocket launch system, with the first batch produced by 2028.
-
![BAE Systems takes another step towards restarting M777 howitzer production]()
BAE Systems takes another step towards restarting M777 howitzer production
The M777 155mm lightweight howitzer is in service with more than six countries and has been heavily used in Ukraine. The latest contract is part of an effort to restart the manufacture of M777 towed howitzers.
