Rheinmetall-DeTec AG
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| Traded as | : RHM |
|---|---|
| Industry | Automotive, Defence |
| Founded | 13 April 1889 |
| Founder | Horder Bergwerks- und Huettenverein |
| Headquarters | Düsseldorf, Germany |
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Key people
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Armin Papperger (CEO and chairman of the executive board) Ulrich Grillo (Chairman of the supervisory board) |
| Products | Automotive parts, military vehicles and systems |
| Revenue | €5.896 billion (2017) |
| €400 million (2017) | |
| €252 million (2017) | |
| Total assets | €6.186 billion (end 2017) |
| Total equity | €1.955 billion (end 2017) |
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Number of employees
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23,726 (2017) |
| Subsidiaries | Rheinmetall MAN Military Vehicles (51 %) |
| Website | www.rheinmetall.com |
Rheinmetall AG has a presence in two corporate sectors (automotive and defence) with six divisions, and is headquartered in Düsseldorf, Germany. In fiscal 2017, the company's 23,726 employees generated sales of €5.896 billion. Rheinmetall was the tenth-largest European defence contractor in 2011.
The Group's Automotive segment had sales in fiscal 2017 of €2.861 billion, while sales of its Defence segment for the same period came to €3.036 billion.
Rheinmetall AG is listed on the German MDAX; its shares are traded on all German stock exchanges.
As Rheinische Metallwaren- und Maschinenfabrik AG, the now Rheinmetall AG was founded in April 1889 in Düsseldorf by Heinrich Ehrhardt and his associates to take on a contract that Hörder Bergwerks- und Hüttenverein (a munitions company) could not fulfill. In 1901 Dreysesche Gewehrfabrik, Munitions- und Waffenfabrik was acquired.
After World War I, as a result of the limitations imposed upon Germany in the Treaty of Versailles, Rheinmetall produced non-military items including locomotives, steam ploughs and office equipment.
Military produced recommenced in 1921, and in 1925, the Reich acquired a majority stake of the company. The railway locomotive manufacturer August Borsig GmbH was taken over in 1933; in 1936 the two merged to create Rheinmetall-Borsig AG. In 1938 the company headquarters moved from Düsseldorf to Berlin.
In 1956 a majority stake in Rheinmetall-Borsig AG was acquired by the Röchling Group. Borsig AG was sold to Salzgitter AG and the company name changed to Rheinmetall-Borsig AG to Rheinmetall Berlin AG. Defence-related production would also start again in 1956, the first product being the MG 42. In 1958 diversification into the mechanical engineering and electronics fields occurred and during 1979-1981 these non-defence sectors were thoroughly restructured. Carburetor manufacturer Pierburg GmbH was taken over in 1986 and the current Automotive sector was created.
In 1989 the takeover of MaK Systemgesellschaft, a manufacturer of armoured vehicles, occurred. In 1996 Rheinmetall Berlin AG changed its name to Rheinmetall AG.
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