Rheinmetall

Automotive and defense company in Germany

Rheinmetall AG
Rheinmetall logo 2016.svg
TypePublic (Aktiengesellschaft)
Traded as
  • FWB: RHM
  • MDAX component
IndustryDefence
Founded13 April 1889; 133 years ago (1889-04-13)
FounderHorder Bergwerks- und Huettenverein
Headquarters
Düsseldorf
,
Germany
Key people
Armin Papperger (CEO and chairman of the executive board)
Ulrich Grillo (Chairman of the supervisory board)
ProductsAutomotive parts, military vehicles, Autocannons, ATGMs, Anti-aircraft defence systems, artillery, mortars, tank guns, munitions, ammunition, fuze systems, electronics
RevenueIncrease €6.255 billion (2019)[1]
Increase €505 million (2019)[1]
Net income
Steady €354 million (2019)[1]
Total assetsIncrease €7.415 billion (end 2019)[1]
Total equityIncrease €2.272 billion (end 2019)[1]
Number of employees
Increase 25,767 (end 2019)[1]
SubsidiariesRheinmetall MAN Military Vehicles (51%)
Websitewww.rheinmetall.com

Rheinmetall AG is a German automotive and arms manufacturer, headquartered in Düsseldorf, Germany. Its shares are traded on the Frankfurt stock exchange.

History

Rheinmetall was founded in 1889. Banker and investor Lorenz Zuckermandel[2] (1847-1928) was one of the founders and the first chairman of the supervisory board. It manufactured steel products, including armaments. During the post-WWI disarmament of Germany, the company diversified, but by the 1930s armament manufacture resumed. In 1933, it acquired A. Borsig GmbH, which manufactured locomotives.[3]

References

  1. ^ a b c d e f "Annual Report 2019" (PDF). Rheinmetall. Retrieved 19 March 2020.
  2. ^ Ehrhardt: Not the founding father. Article in Newsline—The Rheinmetall company magazine. Special 2014 anniversary issue, p. 16
  3. ^ Kudo, Akira (1998). Japanese-German Business Relations: Co-operation and Rivalry in the Interwar Period. London: Routledge. p. 55. doi:10.4324/9780203018514. ISBN 978-0-203-01851-4.

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