# Rheinmetall AG

Rheinmetall AG is a Defense and Automotive Manufacturer based in Dusseldorf, Germany.

## Overview

- **Organization type:** Defense and Automotive Manufacturer
- **Headquarters:** Dusseldorf, Germany
- **Region:** Europe
- **Address:** Dusseldorf, Germany
- **Founded:** 1889
- **Assets under management:** Undisclosed
- **Website:** rheinmetall.com
- **LinkedIn:** https://www.linkedin.com/company/rheinmetall

## Regulatory record

- **Reports private funds:** No

## About

Rheinmetall AG was founded in 1889 and is a publicly traded German industrial group headquartered in Dusseldorf. The company operates through two main divisions: Vehicle Systems, which produces armored vehicles like the Lynx and Puma, and Weapon & Munitions, which manufactures artillery shells and small-arms ammunition. Its largest shareholders include institutional investors and a family holding structure tied to the Röchling clan. The company’s strategy centers on dual-use technologies that serve both military and civilian markets. Rheinmetall’s Vehicle Systems division covers main battle tanks and infantry fighting vehicles, while its Automotive division supplies engine components and electric-drive modules. The firm has named portfolio positions including the Boxer armored personnel carrier and the Skyranger air-defense system. Geographically, export deals reach NATO countries plus partners in the Middle East and Asia. Rheinmetall reported over €9.5B in sales for the 2024 fiscal year, with a defense-order backlog exceeding €40B. The company operates manufacturing sites in Germany, Hungary, Australia, and the United States. In May 2024, Rheinmetall announced a joint venture to build an artillery shell factory in Ukraine, with production slated to begin by late 2025. The firm also manages a separate foundation, the Rheinmetall Foundation, which funds cultural and social projects. A key differentiator is Rheinmetall’s semi-concentrated shareholder structure: though publicly listed, the Röchling family retains influence through a long-term ownership stake, making the firm a rare hybrid of a family-anchored industrial group and a capital-markets entity. Its integration of defense and auto components under one roof is rare among European industry peers.

## Sectors

- Industrial Tech
- Defense
- Automotive
- Infrastructure

## People

- Armin Papperger — Chief Executive Officer
- Dagmar Steinert — Chief Financial Officer

## Questions

### Who controls Rheinmetall AG?

Rheinmetall is a publicly traded company but the Röchling family, which traces its industrial roots to the 19th century, remains a significant long-term shareholder. Institutional investors and capital markets also hold large stakes. Day-to-day operations are run by CEO Armin Papperger and the executive board.

### What are Rheinmetall's main divisions?

The company operates two primary divisions: Vehicle Systems (armored vehicles, bridge systems, and soldier systems) and Weapon & Munitions (artillery, ammunition, and air-defense systems). It also has an Automotive division that produces components for internal combustion and electric vehicles.

### Does Rheinmetall disclose revenue allocation between defense and automotive?

Yes. In its annual reports, Rheinmetall breaks out sales by division. For fiscal 2024, defense sales accounted for roughly 75% of total revenue, with automotive making up the remainder. The defense segment has grown disproportionately since 2022 due to increased NATO military spending.

### What recent investments signal Rheinmetall's growth trajectory?

Rheinmetall has announced a new artillery shell factory in Ukraine in a joint venture with the Ukrainian defense ministry, with a target production start in 2025. It also opened a new ammunition plant in Hungary and expanded capacity at its Unterlüß site in Germany. These moves are driven by multiyear NATO procurement contracts.

### How does Rheinmetall relate to the Röchling family?

The Röchling family co-founded the company in 1889 and has maintained a controlling interest throughout various restructurings. Today, the family holds shares through the Röchling Verwaltung GmbH holding entity. The family's influence is evident in the supervisory board, though they do not hold executive roles.

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Last updated: 2026-06-03T20:00:00.000Z

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