Leopard tank maker Rheinmetall 'braced for busy year'

GERMAN defence group Rheinmetall expects sales to grow to $12-$13 billion in 2025, Chief Executive Armin Papperger told German magazine Stern in an interview.

It’s the company that makes the Leopard 2 tanks so badly wanted by Ukraine. Now Germany’s Rheinmetall is expecting a busy year or two.

It expects sales to go as high as $13 billion by 2025. That’s about a billion higher than an earlier target range.

The numbers came in an interview with Chief Executive Armin Papperger by German magazine Stern. In it he said Rheinmetall is targeting a 10% profit margin on the Leopard tanks.

Rheinmetall could also supply 88 of the older Leopard 1 model, but didn’t say by when.

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Видео Leopard tank maker Rheinmetall 'braced for busy year' канала The Sun