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Rheinmetall will receive a multi-billion dollar contract for the production of ammunition and will transfer at least 40,000 shells to Ukraine for Gepard by the end of the year

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Rheinmetall will receive a multi-billion dollar contract for the production of ammunition and will transfer at least 40,000 shells to Ukraine for Gepard by the end of the year

The German concern Rheinmetall is preparing to receive a contract from the German government. The agreement will allow the company to significantly increase the production of ammunition, including for Ukraine.

What is known

The corresponding statement was made by Rheinmetall CEO Armin Papperger. According to him, the amount of the framework agreement will amount to several billion euros (€1 = $1.09).

The company hopes to conclude several additional transactions during the year, the total value of which will be estimated at more than €10 billion ($10.9 billion). To be more precise, Rheinmetall is counting on a “double-digit amount in billions of euros.”


Next month, the company will start supplying ammunition for Gepard self-propelled anti-aircraft guns, which were transferred to Ukraine. Rheinmetall has received an order for 300,000 shells and promises to deliver between 40,000 and 60,000 by the end of this year.

In conclusion, we recall that Denmark and the Netherlands financed delivery of 14 Leopard 2 tanks for Ukraine. The deal is valued at over €100 million. The tanks will be delivered over the next year starting in January.

Source: Reuters





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