Rheinmetall posts record order backlog amid strong 2025 performance

Sales for German defence supplier Rheinmetall jumped by 29% to €9.9 billion ($11.4 billion) in 2025, the company said on Wednesday as it continues to see steep growth triggered by the war in Ukraine.

In 2026, group sales are expected to rise by 40-50%, the firm said in statement.

Rheinmetall's operating result grew by 33% to €1.8 billion last year, while earnings after taxes came in at €0.8 billion, up 3% year-on-year.

Rheinmetall's order backlog currently stands at €63.8 billion, the highest level seen in company history, as Germany and other European NATO nations are investing heavily in their armed forces amid a perceived threat from Russia.

"The world is changing rapidly, and Rheinmetall is well prepared. We are needed when it comes to increasing the defence capabilities of Germany and Europe and creating an effective deterrence," chief executive Armin Papperger was quoted as saying.

"We have achieved a new record operating result and will continue to improve the Group's profitability. We are well positioned for new major projects with the armed forces."

Rheinmetall's range includes artillery and anti-aircraft guns, tanks, military trucks, ammunition, drones and ships.

Germany's largest defence supplier is headquartered in Dusseldorf, western Germany, while its largest plant is located in the northern state of Lower Saxony.