This order, as detailed in the company's announcement, comprises tens of thousands of 155mm artillery shells. The client is an undisclosed NATO partner nation, committed to aiding Ukraine's defense efforts with substantial and long-term military support.
Rheinmetall recently incorporated the Spanish subsidiary, Rheinmetall Expal Munitions, which will contribute to the production of these shells. The expected delivery timeline is around 2025.
There's also a potential early supply of about 40,000 shells from advanced procurement for Ukraine in 2024, subject to application approval.
The demand for artillery ammunition is projected to rise, driven not only by Ukraine's needs but also by the necessity for Germany and other NATO and EU countries to significantly replenish their ammunition stocks.
Rheinmetall has plans to ramp up ammunition production at its facilities in Germany, Spain, Africa, and Australia by 2024. This increase aims to enable the rapid production of up to 700,000 artillery shells.
Additionally, Rheinmetall is planning to inaugurate a plant in Ukraine in 2024. Post-launch, the focus will be on the production of Fuchs and Lynx armored vehicles.
