RSS Rheinmetall Wins EUR 21 Mln Worth Order To Supply 155mm M107 Artillery Ammunition

[Crax Bot]

Rheinmetall AG, a prominent German manufacturer specializing in automotive and defense sectors, has announced a significant contract valued at 21 million euros. This contract involves the supply of tens of thousands of 155mm M107 artillery shells to an international client. The order, finalized in December 2024, is slated for delivery during the first half of 2025.

The company highlighted the enduring popularity of the M107 artillery shell, which remains one of the most extensively utilized projectiles globally, compatible with a wide range of 155mm weapon systems. Production of this ammunition will take place at Rheinmetall Expal Munitions in Spain.

Since 2022, Rheinmetall has been actively expanding its production capabilities, with an ambitious goal of manufacturing up to 1.1 million 155mm artillery shells annually by the year 2027.

As for the financial markets, Rheinmetall's stock was observed trading at 638.40 euros on the XETRA exchange in Germany, reflecting a decline of 1.78%.

The material has been provided by InstaForex Company - www.instaforex.com

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