# Rheinmetall AG — #14 in the Defence Trading Rankings 2026

> The fastest-growing prime in Europe — revenue tripled since 2021.

- Source: Defence Trading
- Dataset: Defence Trading Rankings, 2026 Edition (ranked by annual defence revenue)
- Rank: 14 of 20
- Country: Germany
- Canonical URL: https://www.defencetrading.com/rankings-2026-edition/rheinmetall

---

## Key facts

| Field | Value |
| --- | --- |
| Rank (2026) | 14 |
| Headquarters | Düsseldorf, Germany |
| Founded | 1889 |
| Employees | ~33,000 |
| Defence revenue | USD 13B |
| Total revenue | USD 13B |
| Listing | ETR: RHM |
| Chief executive | Armin Papperger |
| Website | rheinmetall.com |

## Segments

- Ammunition
- Armoured Vehicles
- Air Defence
- Combat Systems

## Flagship products

- Leopard 2 ammunition / upgrades
- KF41 Lynx IFV
- Panther KF51 MBT
- Skyranger air defence
- 155mm artillery shells

## Profile

Rheinmetall is the story of the European industry. Revenue has roughly tripled since 2021, on track for USD 18 billion by 2027 and USD 25 billion by the early 2030s. The combination of ammunition (now the largest 155mm shell producer in Europe), the Lynx and Panther vehicle programmes, the Skyranger air defence system, and a clean political position on Ukraine support has produced one of the fastest reratings the industry has ever seen.

## Recent moves

New 155mm shell plants opened in Germany, Hungary, and Ukraine. Panther KF51 winning Italian competition. Skyranger air defence orders accelerating across Europe.

---

Part of the [Defence Trading Rankings 2026](https://www.defencetrading.com/rankings). Original research by Defence Trading (defencetrading.com), free to cite with attribution and a link to https://www.defencetrading.com/rankings-2026-edition/rheinmetall.