Romania acquires additional Patriot air defence systems
The third Patriot order from the country comprised radars, control stations and missiles.
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
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