Rheinmetall receives NATO contract for €300 Million worth 155mm artillery shells

In a press release, Rheinmetall announced that it has received an order from a NATO country for the supply of artillery ammunition. The order comprises several tens of thousands of artillery shells and several hundred thousand propellant charge modules. The total gross value of the orders booked in the second quarter of 2024 amounts to almost €300 million. The deliveries will take place between 2024 and 2028.

"The need to replenish the armed forces' ammunition stocks resulting from the war in Ukraine has brought Rheinmetall major orders in the field of artillery ammunition. The new orders once again emphasise Rheinmetall's leading technological position in ammunition development and production in Europe," Rheinmetall stated.

Rheinmetall received €130 million in EU funding to expand ammunition production in March and the company aims to increase artillery production up to 1.1 million shells by 2027.