Rheinmetall makes a range of defence products but is probably most famous for manufacturing the 120mm gun of the Leopard 2 tank
“We can produce 240,000 rounds of tank ammunition per year, which is more than the entire world needs,” Papperger said in an interview with Reuters interview.
Demand for these munitions has soared since Russia’s invasion of Ukraine last February, not only due to their massive use on the battlefield but also as Western militaries backfill their own stocks, bracing for what they see as a heightened threat from Moscow. At the same time, Rheinmetall is in talks with Lockheed Martin, the U.S. company manufacturing the HIMARS multiple rocket launchers in heavy use with Ukrainian troops, Papperger said.
Rheinmetall also eyes the operation of a new powder plant, possibly in the eastern German state of Saxony, but the investment of 700 to 800 million euros would have to be footed by the government in Berlin, he said. The plant is needed as shortages in the production of special powders could turn out to be a bottleneck, hampering efforts to boost the output of tank and artillery shells, he noted.
“100 billion euros sounds like an giant sum but we would actually need a 300 billion euro package to order everything that’s needed,” he added, noting that the 100 billion special fund does not include ammunitions purchases.
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