AI Prospecting for RHM

Rheinmetall has acquired Hagedorn-NC GmbH, a nitrocellulose producer, to strengthen its manufacturing capacity for propellants, especially for 155mm artillery ammunition, addressing a strategic bottleneck in the supply chain and securing prospects for about 90 employees. The acquisition is subject to antitrust approval[1][5].

Rheinmetall's CEO, Armin Papperger, expects the company's order book to increase significantly due to Germany's increased defense spending, forecasting Rheinmetall to account for 25% of Europe's $1.1 trillion defense splurge. The company is expanding production, including increasing artillery shell production at the Unterlüß plant to 350,000 shells annually[1]. Rheinmetall has also established MGCS Project Company GmbH in Cologne, a step forward in the Franco-German Main Ground Combat System (MGCS) project[4].

Rheinmetall's Spanish subsidiary, Rheinmetall Expal Munitions, has increased its annual production of 155mm artillery shells to 450,000, responding to the high ammunition consumption caused by the war in Ukraine and the need to replenish NATO stockpiles[5].