Rheinmetall states that expanding ATACMS production will take several years, and U.S. arms restocking faces real bottlenecks

智通财经2026/08/07 10:36

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Rheinmetall CEO Papperger stated that the facility for the joint production of ATACMS missiles in Germany with Lockheed Martin is expected to be completed next year, but mass production and effective replenishment of ammunition stocks depleted by conflicts for the US military "will not be achieved within two years and will take even longer." This highlights that the pace of military industrial capacity expansion is difficult to match the speed of stockpile consumption.
The joint venture still requires approval, but Papperger revealed that major progress has been made in securing approvals and has the support of the US side. The partners plan to promote ATACMS in the global market, with the first revenue expected in 2028, and the long-term demand outlook for the missile market remains promising.
Rheinmetall’s share in the anticipated German "Boxer" armored vehicle contract is 12.4 billion euros, with the total contract valuation at about 25 billion euros. Papperger expects the agreement to be formally signed before the end of the year and stated that there are no obstacles impeding the project’s advancement.
Regarding the acquisition of Iveco’s military truck business, Papperger said a verbal agreement had previously been reached with the former CEO of Leonardo, and subsequent negotiations will depend on the decision of the new CEO, Lorenzo Mariani. The deal itself is not at risk, but whether the new terms remain attractive will need to be reassessed.

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Rheinmetall states that expanding ATACMS production will take several years, and U.S. arms restocking faces real bottlenecks

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