Defence & Space

Rheinmetall wins major order for artillery ammunition

Rheinmetall Denel Munition wins major 155mm ammunition contract. Order worth several hundred million euros, deliveries from 2025 until 2027. It…

2025-07-04 | Redakcja | 3 minutes

A contractor has been selected for the repair of Mk 75 guns on Polish OHP frigates

The Gdynia Naval Port Command has published information on the outcome of the tender procedure for the repair of two…

2025-07-02 | Rafał Muczyński | 3 minutes

SIPRI: Nuclear risks grow as new arms race looms

The Stockholm International Peace Research Institute published a report entitled SIPRI Yearbook 2025, which, among other things, discusses the issue of…

2025-06-16 | Redakcja | 10 minutes

Polish 35 mm SA-35 Self-Propelled Anti-Aircraft Gun with PIT-Radwar

During the recent MSPO trade fair in Kielce, the company PIT-Radwar presented its proposal for a 35 mm self-propelled anti-aircraft gun…

2025-06-13 | Przemysław Gurgurewicz | 13 minutes

Rheinmetall wins major order for artillery ammunition

Rheinmetall Denel Munition wins major 155mm ammunition contract. Order worth several hundred million euros, deliveries from 2025 until 2027. It…

2025-07-04 | Redakcja | 3 minutes

A contractor has been selected for the repair of Mk 75 guns on Polish OHP frigates

The Gdynia Naval Port Command has published information on the outcome of the tender procedure for the repair of two…

2025-07-02 | Rafał Muczyński | 3 minutes

SKW Cryptographic Security Certificate for Polish Comp@n Radio Set from the WB Group

The WB Group announced that the Comp@n system radio set, developed by its subsidiary Radmor, along with the Cryptographic Document Management…

2025-06-14 | Redakcja | 4 minutes

Advancing multi-domain EW operations: Rohde & Schwarz unveils latest innovations at AOC Europe

Rohde & Schwarz demonstrates the next generation of SIGINT/EW systems, sensor fusion and signal analysis solutions, designed to meet the evolving…

2025-05-12 | Redakcja | 2 minutes

Autonomous and Unmanned Systems by Łukasiewicz – PIAP at the OPEX 2025 Training Ground in Italy

During the HEDI OPEX 2025 experimental campaign at the CEPOLISPE training ground in Italy, the Łukasiewicz Research Network – Industrial…

2025-06-28 | Redakcja | 4 minutes

Paris Air Show 2025: Debut of Foudre – the French HIMARS

As previously announced by Turgis & Gaillard, the 55th International Paris Air and Space Show served as the venue for the…

2025-06-23 | Radosław Niesobski | 2 minutes

Rheinmetall wins major order for artillery ammunition

Rheinmetall Denel Munition wins major 155mm ammunition contract. Order worth several hundred million euros, deliveries from 2025 until 2027. It…

2025-07-04 | Redakcja | 3 minutes

Polish Ministry of National Defence: New Contract for K2 Tanks and Support Vehicles Imminent

In Warsaw, Deputy Prime Minister and Minister of National Defence Władysław Kosiniak-Kamysz, along with Secretary of State at the Ministry…

2025-07-02 | Redakcja | 10 minutes

Bayraktar TB2 and FlyEye Drones to Support Polish Police Manhunt for Killer Near Limanowa

The Bayraktar TB2 drone and FlyEye systems will support the Polish police in the search for 57-year-old Tadeusz Duda, suspected…

2025-06-30 | Rafał Muczyński | 5 minutes

Galvion’s European Production Hub in Poland is formally opened by the Ambassador of Canada tothe Republic of Poland

Canadian company Galvion announced that the Canadian Ambassador to Poland, Catherine Godin, officially opened the European Production Hub in Gdańsk.

2025-06-26 | Redakcja | 4 minutes

Rheinmetall wins major order for artillery ammunition

Rheinmetall Denel Munition wins major 155mm ammunition contract. Order worth several hundred million euros, deliveries from 2025 until 2027. It…

2025-07-04 | Redakcja | 3 minutes

A contractor has been selected for the repair of Mk 75 guns on Polish OHP frigates

The Gdynia Naval Port Command has published information on the outcome of the tender procedure for the repair of two…

2025-07-02 | Rafał Muczyński | 3 minutes

East Shield and the Baltic Defense Line: Cooperation and Investment in Defense Are the Cornerstone of Europe’s Security

East Shield, the Baltic Defense Line, the integration of available deterrence and defense capabilities, and EU defense funding were the…

2025-07-02 | Redakcja | 2 minutes

Russia Loses World’s Largest Helicopter, Mi-26, in Ukrainian Attack on Crimea

The Security Service of Ukraine reported that during a special operation at the Kirovske military airfield in occupied Crimea, a Pantsir-S1 air…

2025-06-29 | Rafał Muczyński | 4 minutes

Finland Ministry of Defense selects ICEYE for space-based intelligence and surveillance capabilities

The Polish-Finnish company ICEYE and the Finnish Ministry of Defense have signed a Letter of Intent that enables the Finnish Defense…

2025-06-27 | Redakcja | 3 minutes

Axiom Mission 4: The Historic Spaceflight of Sławosz Uznański-Wiśniewski

June 25, 2025, will go down in history as the day when the second Pole in our history flew into…

2025-06-25 | Rafał Muczyński | 5 minutes
Shooting

CZ Shooting Team athletes take home 13 medals from the CZ Extreme Euro Open

Sport shooters representing Ceska zbrojovka brought back six gold, four silver, and three bronze medals from Hodonice, along with four…

2025-07-04 | Redakcja | 4 minutes

Upgraded Z8i Scope from SWAROVSKI OPTIK

Swarovski Optik, the Austrian optics manufacturer with nearly 80 years of tradition, has unveiled an upgraded version of its Z8i…

2025-07-03 | Mariusz Piwowar | 3 minutes

Upgraded Z8i Scope from SWAROVSKI OPTIK

Swarovski Optik, the Austrian optics manufacturer with nearly 80 years of tradition, has unveiled an upgraded version of its Z8i…

2025-07-03 | Mariusz Piwowar | 3 minutes

Streamlight introduces the SL-SideSaddle

Streamlight, Inc., a leading provider of high-performance lighting tools, announces the SL-SideSaddle series, a new hands-free lighting solution built for outdoor adventure…

2025-07-01 | Redakcja | 3 minutes

IFRE 2025: Maskpol Showcases Protective Suits and Gas Masks

Maskpol, a company within the Polish Armaments Group (PGZ), presented part of its product range—protective suits and gas masks—at the 5th…

2025-06-17 | Michał Ihnatów | 2 minutes

UF PRO Introduces Waist/Flex Belts to Its Product Line

UF PRO, a Slovenian manufacturer of professional apparel and part of the Mehler Systems group, is adding a new accessory to its lineup…

2025-06-06 | Michał Ihnatów | 2 minutes

CZ Shooting Team athletes take home 13 medals from the CZ Extreme Euro Open

Sport shooters representing Ceska zbrojovka brought back six gold, four silver, and three bronze medals from Hodonice, along with four…

2025-07-04 | Redakcja | 4 minutes

Enforce Tac 2025 starts on February 24th

Enforce Tac is an international trade fair aimed at law enforcement officers, experts from government agencies, and representatives of the…

2025-01-30 | Michał Ihnatów | 4 minutes

CZ Introduces the New CZ P-10 C PORTED Model

CZ P-10 C PORTED – a compact pistol with tamed recoil thanks to an integrated compensator.

2025-07-02 | Redakcja | 3 minutes

Meprolight MMX3 and MMX4 – Lightweight Magnifiers with Quality Optics

The Mepro MMX3 and MMX4, a new line of compact magnifiers from the Israeli manufacturer. How do they perform in practice and…

2025-06-27 | Krzysztof Ptak | 8 minutes

Paris Air Show 2025: Bayraktar TB3 Debuts

The 55th edition of the International Paris Air and Space Show, held in the French capital, provided an opportunity for…

2025-06-19 | Radosław Niesobski | 3 minutes

Setting Up a Shooting Belt: An Example with Clawgear

To assist with shooting training and beyond, various belts and gear configurations have been developed and customized to suit individual needs. It’s…

2024-11-28 | Łukasz Kołodziejski | 14 minutes

Over 100% increase in gun permits in Poland in 2024

The Polish Police have released statistical data on firearm permits issued in 2024. An increasing number of Poles now hold…

2025-02-20 | Michał Ihnatów | 5 minutes

Firearms In Poland 2023: Number of permits continues to grow

The National Police Headquarters has released statistics regarding the number of firearm permits and firearms themselves in the hands of…

2024-02-17 | Michał Ihnatów | 5 minutes

5 Best Value ATN Rifle Scopes Under €1500

ATN is a leading manufacturer of daytime optics, smart night vision, and thermal vision technology. The innovative features and ergonomic designs…

2022-11-11 | Redakcja | 8 minutes

MILMAG Visits Grand Power

Grand Power is a Slovak manufacturer of the acknowledged good quality firearms. Take part in our guided tour with English subtitles.

2022-05-23 | Redakcja | 1 minutes

Meprolight MMX3 and MMX4 – Lightweight Magnifiers with Quality Optics

The Mepro MMX3 and MMX4, a new line of compact magnifiers from the Israeli manufacturer. How do they perform in practice and…

2025-06-27 | Krzysztof Ptak | 8 minutes

Streamlight TLR-7 HL-X – a Bayonet of Light for Your Weapon

The devil’s not so scary once you shine a light on him—and he’s certainly easier to neutralize in the spotlight. A weapon-mounted flashlight…

2025-06-09 | Anna Mielczarek | 6 minutes

EOTECH Holographic Sight – History, Technology, Practice

The holographic sight is a device known for nearly 30 years and used by professionals around the world. A favorite sight of many…

2024-09-02 | Michał Gaweł | 12 minutes

Rheinmetall Boosts Profitability: Operating Result and Margin Improved Further

The Düsseldorf-based Rheinmetall Group continued to strengthen its profitability in the first half of 2022.

5th August 2022. The Düsseldorf-based Rheinmetall Group continued to strengthen its profitability in the first half of 2022. The consolidated operating result rose to €206 million, exceeding the previous year’s record figure by €15 million with a similarly improved operating margin.

The Düsseldorf-based Rheinmetall Group continued to strengthen its profitability in the first half of 2022

The Rheinmetall Group is updating its annual forecast from March 2022 and now expects organic sales growth of around 15% and an operating margin of over 11% in fiscal 2022.

Armin Papperger, Chief Executive Officer of Rheinmetall AG: “Rheinmetall remains on track for growth. After six months, our sales and operating result are higher than in the previous year. This makes us very optimistic for fiscal 2022 as a whole. We are seeing an increasing order intake – also in the civilian business, where we make important contributions for the technological transformation toward climate-friendly mobility and new forms of energy supply, for example by means of hydrogen technology. And in light of the current security policy situation, our products will help to strengthen defence capabilities in numerous countries in the months and years to come. With our military systems, we bear responsibility for security and thus for peace and freedom.”

Rheinmetall AG: operating margin improved to 7.7%

Consolidated sales increased by €92 million or 3.5% year-on-year to €2,674 million in the first half of 2022 (previous year: €2,582 million).

After six months, the operating result continued to increase year-on-year and reached a new record figure for the first half of the year. At €206 million, the operating result exceeded the previous year’s figure of €191 million by €15 million or 8%. This improvement is based predominantly on sales growth in the high-margin Weapon and Ammunition division. A better product mix and strict cost management also had a positive effect. The operating margin of 7.7% exceeded the previous year’s level of 7.4%.

Earnings per share from continuing operations decreased year-on-year from €2.50 to €2.28 in the first half of fiscal 2022. Adjusted for special effects, earnings per share from continuing operations amounted to €2.63 as at 30 June 2022 (previous year: €2.50).

Vehicle Systems: further improvement in operating margin

At €851 million, sales in the Vehicle Systems division in the first half of 2022 were €19 million or 2% lower than the previous year’s figure. The order intake decreased by €1,293 million as against the prior-year figure to €680 million. This decline resulted primarily from large single orders (Challenger 2 upgrade for Great Britain, Puma modernization and armored engineering vehicle for the German armed forces), which increased the previous year’s figure well above average. At €10.3 billion, the order backlog as at June 30, 2022, was down €232 million or 2% year-on-year.

Despite the slight decline in sales, the operating result improved from €65 million to €75 million in the first six months of 2022. This positive trend can be attributed to an improved product mix and strict cost management. The operating margin of 8.8% exceeded the previous year’s level of 7.5%.

Weapon and Ammunition: new order intake record

The Weapon and Ammunition division generated sales of €564 million in the first half of 2022, up €93 million or around 20% on the figure for the previous year. The high increase in sales mainly resulted from munitions and propellant deliveries to an international customer. In the first half of 2022, the order intake increased to a record level of €1,542 million (previous year: €429 million). A munitions order from Hungary particularly contributed to this increase. The order backlog therefore increased by €1.2 billion or around 45% to €3.9 billion as at June 30, 2022 (previous year: €2.7 billion).

The operating result improved by €24 million to €71 million in the first half of 2022 (previous year: €47 million). This positive development was attributable both to the increase in sales and to higher income from investments. The operating margin was increased to 12.5%, compared with 10% in the previous year.

Electronic Solutions: order backlog increases to €2.7 billion

The Electronic Solutions division increased sales by €49 million to €411 million in the first half of 2022 (previous year: €362 million). The order intake likewise increased significantly by €258 million or 58% to €702 million. Major new orders in the first half of 2022 related to combat helmets for the German Bundeswehr and numerous smaller projects. On June 30, 2022, the order backlog amounted to €2.7 billion, up around 15% on the previous year’s figure (previous year: €2.4 billion).

The operating result declined by €4 million to €25 million in the first half of 2022 (previous year: €29 million), chiefly due to the acquisition of the activities of the drone manufacturer EMT and increased costs for further know-how development in the area of cyber security. The operating margin decreased to 6.1% (previous year: 8.0%).

Sensors and Actuators: stable operating margin in a declining market environment

Sales in the Sensors and Actuators division declined by around €7 million year-on-year to €691 million in the first half of 2022 (previous year: €697 million). The decline in sales mainly resulted from lower customer call-offs due to the continuing shortage in the supply of semiconductors. Booked business for the first six months of fiscal 2022 was increased by around 50% to a volume of €1,431 million (previous year: €951 million).

The operating result declined slightly by €1 million to €50 million in the first half of 2022 (previous year: €51 million). At 7.3%, the operating margin remained at the previous year’s high level (previous year: 7.3%).

Materials and Trade: sales increased again

The Materials and Trade division increased its sales to €374 million in the first half of 2022, thus exceeding the previous year’s level by €54 million or around 17%. This growth in sales can be attributed primarily to strong aftermarket performance. In the first six months of fiscal 2022, the division generated booked business of €403 million. This represents an increase of 23% compared to the same period of the previous year (€327 million).

At €27 million, the Materials and Trade division’s operating result was at the previous year’s level in the first half of 2022 (previous year: €27 million). The operating margin decreased to 7.2% (previous year: 8.5%). While the increased sales had a positive effect, earnings were affected by a decline in the earnings of the Chinese joint ventures accounted for using the equity method.

Outlook: strong sales growth with stable high margins

The annual forecast communicated to the capital market in March 2022 was updated on the basis of current market outlooks. The Rheinmetall Group continues to expect sales to grow in fiscal 2022 and confirms its earnings forecast.

In light of the persistently high risks regarding the development of global automotive production, the company now expects organic sales growth in the current fiscal year to be around 15% and thus at the lower end of the previous forecast range, which projected organic growth between 15% and 20%.

Rheinmetall confirms the current earnings forecast for fiscal 2022, expecting an improvement in the operating result and an operating margin of over 11% in 2022.

Press release

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