Annual rank57
Germany · Industrials
Rheinmetall
Supplies armoured vehicles, weapon systems and ammunition, alongside products in air defence and electronics.
FY2022–FY2025
FY2022–FY2025
FY2022–FY2025
current context only
Company profile
Platforms, air defence, ammunition and autonomy
Rheinmetall AG is a Düsseldorf-based defence group whose continuing portfolio combines military vehicles, weapons and ammunition, air defence, digital systems and naval systems. Products are often developed or delivered through subsidiaries and joint ventures, so Boxer, HX and specialist-technology claims require entity-level attribution rather than being treated as wholly parent-company products.
Modular land systems
Platforms that localise and change roles
Rheinmetall's land portfolio ranges from the modular Lynx KF41 family to HX3 logistics trucks and the Boxer 8x8. Lynx sits with Rheinmetall Landsysteme; HX is delivered through the 51/49 RMMV joint venture with MAN Truck & Bus; Boxer is managed by ARTEC, a Rheinmetall/KNDS joint venture. Hungary's local-production programme shows the Lynx industrial model in practice.
- Lynx KF41 family Modular tracked platform, variants and mission modules
- Hungarian-built Lynx First local-production handover to the armed forces
- Boxer 8x8 Variants, programme nations and industrial boundary
- ARTEC joint venture Boxer prime contractor with Rheinmetall and KNDS partners
- HX3 trucks Next-generation logistics and system-carrier platform
- RMMV joint venture 51/49 ownership, production and lifecycle services
Layered air defence
Mobile shooters and networked protection
Rheinmetall Air Defence AG in Zurich leads the group's air-defence activities and continues the Oerlikon brand. Skyranger combines sensors and effectors on mobile platforms; Skynex connects surveillance, command-and-control and effectors in an open network. Italy's Skynex order and Romania's 2026 Skyranger 35/Lynx order provide named customer applications.
- Air Defence subsidiary Zurich entity, product families and Oerlikon boundary
- Skyranger Mobile short-range air-defence configurations
- Skynex Networked sensors, control node and effectors
- Skynex in Italy Named army order through Rheinmetall Italia
- Skyranger in Romania 2026 customer order on the Lynx platform
- ▶ VideoWatch the Multi Sensor Unit Official English-narrated air-defence technical film
Artillery and ammunition
Matched systems, capacity and next-generation range
Rheinmetall Waffe Munition develops large- and medium-calibre weapon and ammunition systems. The artillery offer combines guns, projectiles and modular charges, while the new Unterlüß plant adds production capacity. L60 remains development-stage; for PzH 2000, KNDS is prime contractor and Rheinmetall states responsibility for about half.
- Artillery portfolio 155 mm guns, ammunition and the PzH 2000 boundary
- Modular charge system Propulsion for NATO-standard artillery configurations
- Waffe Munition subsidiary Legal entity, systems, services and test centres
- Unterlüß plant opening New ammunition capacity and production ramp
- First Ukraine delivery 2026 projectiles from the new Lower-Saxony plant
- L60 development New 155 mm system and test-stage milestones
Digital and autonomous systems
From PATH autonomy to multi-domain trials
Mission Master combines modular uncrewed vehicles with PATH autonomous navigation. Battlesuite connects Rheinmetall and partner applications across a shared digital layer. At REPMUS/DYMS 2025, Rheinmetall demonstrated these capabilities in an exercise organised by the Portuguese Navy, NATO and the European Defence Agency: Rheinmetall was a participant, not the organiser.
- Mission Master family Uncrewed platforms, modules and PATH integration
- PATH autonomy kit Platform-agnostic navigation from Rheinmetall Canada
- Battlesuite Rheinmetall and partner applications on one layer
- REPMUS/DYMS trial Named NATO exercise, systems and organiser boundary
- ▶ VideoWatch REPMUS/DYMS 2025 Official English-captioned autonomy demonstration
- ▶ VideoWatch the PATH convoy Official language-neutral autonomous logistics film
Official profile sources: About Rheinmetall – International technology group and system house · Our history | Rheinmetall
Current 2026 update
What has changed in 2026?
Capacity project update on 23 July 2026 · 23 July 2026
Capacity project update on 23 July 2026latest official update
4company-specific highlights
−33%2026 stock return · context only
Sales
First-quarter sales rose 7.7% to EUR 1,938 million.
Operating result
The operating result increased 17.3% to EUR 224 million.
Q1 nominations and free cash flow
Rheinmetall Nomination fell 55% to EUR 4.9 billion from EUR 10.7 billion after a strong prior-year order base; operating free cash flow fell to EUR -285 million from EUR 243 million.
Aschau powder capacity
Rheinmetall began expanding Aschau powder production by 2,500 tonnes and propellant-module capacity to more than one million units, with maximum capacity planned for 2028.
Official 2026 sources: Financial report for Q1 2026 – Profitable growth and full order books · 7 May 2026 · Foundation-laying ceremony in Aschau: Rheinmetall is constructing one of Europe’s largest and most modern powder plants – national production capacity for over one million propellant charge modules · 23 July 2026
Annual record
Ranking history
Future editions add rows; they do not rewrite the 2026 record.
| Edition | Measurement period | Rank | Revenue growth | Net-income growth | Stock return |
|---|---|---|---|---|---|
| 2026 | FY2022–FY2025 | 57 | +55% | +47% | +767% |