BELFAST — German manufacturer Rheinmetall reported strong sales of €1.9 billion ($2.2 billion) for Q1 2026, an eight percent year on year uplift, and, for the first time, the firm also shared figures for its naval systems division after its recent expansion into the maritime market.
“The technology group’s order books remain at record levels,” said the Dusseldorf-based firm in a Thursday statement announcing its first quarter of the year results, as it also predicted “significant growth acceleration” for Q2 in anticipation of “large-volume” naval and automotive-based orders.
After expanding into the maritime domain by completing the acquisition of local shipbuilder Naval Vessels Luerssen (NVL), Rheinmetall said that the company’s new naval systems…
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Source breakingdefense.com
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