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May 14, 2024 | International, Land

Leopard tank maker Rheinmetall rides arms boom but shares dip on profit miss

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  • US authorizes another $350 million in military aid to Ukraine

    March 20, 2023 | International, Other Defence

    US authorizes another $350 million in military aid to Ukraine

    The United States is authorizing another $350 million in military aid for Ukraine, U.S. Secretary of State Antony Blinken said on Monday, as Kyiv builds up its arsenal for an anticipated counter-offensive against Russian forces.

  • Rheinmetall eyes do-over in new pitch of its Lynx vehicle to the US Army

    October 21, 2020 | International, Land, Security

    Rheinmetall eyes do-over in new pitch of its Lynx vehicle to the US Army

    Sebastian Sprenger COLOGNE, Germany — Rheinmetall is teaming with Textron Systems to pitch the Lynx KF41 vehicle as a Bradley replacement to the U.S. Army, the company announced Tuesday. The campaign marks the second time that the Düsseldorf, Germany-based company is targeting the Optionally Manned Fighting Vehicle program following an unsuccessful attempt last year that eventually saw the ground service halt the race. This time around, Rheinmetall is putting greater emphasis on a U.S. footprint, led by its growing American Rheinmetall Vehicles subsidiary based in Sterling Heights, Michigan. Textron, as the newcomer on Team Lynx, is meant to be front and center when it comes to manufacturing and robotics capabilities. “Textron Systems' Slidell, Louisiana, vehicle production facility has supported more than 15 armored vehicle programs of record supporting over 20 countries,” Henry Finneral, senior vice president and general manager of Textron Systems' Marine and Land Systems business, said in a statement. “We stand ready to support the team and the US Army and deliver a trusted platform for the future.” Matt Warnick, managing director at American Rheinmetall Vehicles, said the “teaming agreement brings together two of the world's leading providers of defense industry solutions." Raytheon remains part of the team. Executives hope the new Army competition will give all bidders more leeway in fine-tuning their eventual offers to the service's requirements. That marks a contrast to the previous acquisition attempt, where the ground service essentially wanted specific features already built into prototype vehicles, with little time for companies to adjust. This time around, the Army plans to downsize to five bidders, then three, before picking an eventual winner. A final request for proposals is expected late this year or early next. Service officials have put competitors on notice that an open architecture in the vehicle design will be at a premium, a feature that Rheinmetall touted in its bid notice. “The network is almost more important in some ways than building the combat vehicles,” Maj. Gen. Brian Cummings, program executive officer of ground combat systems, told Defense News in an interview ahead of the Association of the U.S. Army's virtual conference, which ended last week. Rheinmetall previously planned to present the teaming arrangement with Textron at this year's AUSA show if the event had taken place in person. https://www.defensenews.com/global/europe/2020/10/20/rheinmetall-eyes-do-over-in-new-pitch-of-its-lynx-vehicle-to-the-us-army/

  • PAC-3 Equipped with Advanced Software Excels in Integrated Test

    December 12, 2024 | International, Land

    PAC-3 Equipped with Advanced Software Excels in Integrated Test

    During the two missions at White Sands Missile Range, PAC-3 Missile Segment Enhancement (MSE) confirmed the ability to detect, acquire, track and engage flight test targets

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