Rheinmetall Secures €770-M Order from German Army

Germany’s armed forces, the Bundeswehr, have placed an order with Rheinmetall for around 1,400 military logistics vehicles, valued at €770 million, Eleanor Butler reported for Euronews.

The deal includes 963 vehicles equipped with swap-body systems and 425 UTVs. (Photo: Rheinmetall Defence)

The Düsseldorf-headquartered defense firm said in a statement that the deal includes 963 vehicles equipped with swap-body systems, which feature interchangeable containers.

It also includes 425 unprotected transport vehicles (UTVs), which are non-armored trucks used in low-risk areas.

As of around 16:00 CEST, Rheinmetall shares were up approximately 3% on the news.

“As a reliable partner of the Bundeswehr, we are delighted to be delivering additional vehicles and thus contributing to the mobility and operational readiness of the armed forces,” said André Barthel, chairman of the board of Rheinmetall MAN Military Vehicles, a joint venture between MAN Truck & Bus and Rheinmetall.