...

Logo Yotel Air CDG
in partnership with
Logo Nextory

Rheinmetall secures €770mn order from German army amid defence boom

Business • Aug 4, 2025, 2:03 PM
2 min de lecture
1

Germany’s armed forces, the Bundeswehr, has placed an order with Rheinmetall for around 1, 400 military logistics vehicles, valued at €770 million.

The Düsseldorf-headquartered defence firm said in a statement on Monday that the deal includes 963 vehicles with swap-body systems, which have interchangeable containers. It also includes 425 unprotected transport vehicles (UTVs), which are non-armoured trucks used in low-risk areas.

As of around 16.00 CEST, Rheinmetall shares were up around 3% on the news.

“As a reliable partner of the Bundeswehr, we are delighted to be delivering additional vehicles and thus contributing to the mobility and operational readiness of the armed forces,” said André Barthel, chairman of the board of Rheinmetall MAN military vehicles, a joint venture between MAN Truck & Bus and Rheinmetall.

The orders are booked for the third quarter, while deliveries will take place before the end of 2025.

Rheinmetall has been one of the key business beneficiaries of Europe’s defence splurge, with its stock rising more than 190% year-to-date.

Russia’s war in Ukraine had already lifted demand for Rheinmetall products, and now investors are hoping to benefit from greater public spending on military equipment.

Pressure from US President Donald Trump has notably encouraged Europe to boost its defence capabilities, and Germany has agreed to alter its strict debt rules to facilitate the investment. 

The Bundeswehr is currently undergoing a major process to update its technology, and Germany has vowed to lift its country’s defence spending to 3.5% of gross domestic product in 2029.

This year, the NATO alliance also agreed to increase defence spending from 2% to 5% of GDP by 2035.


Today

EU Commission to suspend retaliation against US tariffs by another six months
Business • 4:23 PM
2 min
As the EU and the US continue negotiating a joint statement to formalise their tariff deal, the EU executive is again postponing a package of countermeasures that were due to enter into force on 7 August.
Read the article
Want to lose weight? New study sheds light on how processed foods affect our health
Business • 3:44 PM
6 min
Ultra-processed foods can be bad for our health. A new study sought to understand whether it’s the processing itself or the ingredients that really matter.
Read the article
Ukraine war leads to heightened demand for bionic prosthetic limbs
Business • 3:14 PM
7 min
An estimated 20,000 Ukrainians have had amputations since Russia invaded the country in February last year, most of whom are wounded soldiers.
Read the article
Lyft to partner with Chinese AI firm Baidu to bring robotaxis to Europe in 2026
Business • 3:13 PM
2 min
Robotaxis could be available in Germany and the United Kingdom on the Lyft app as soon as next year.
Read the article
Gaza's children are starving. What does malnutrition do to the human body?
Business • 2:30 PM
9 min
Despite urgent appeals from the UN and aid agencies, the delivery of essential food and medical aid remains severely restricted - worsening Gaza’s humanitarian crisis.
Read the article
ChatGPT use by companies fell for the first time since 2022, report says 
Business • 2:26 PM
3 min
For the first time since its launch nearly three years ago, ChatGPT is being used less by companies, which are increasingly opting for competitors from Microsoft and Google.
Read the article
Rheinmetall secures €770mn order from German army amid defence boom
Business • 2:03 PM
2 min
The deal for more than 1,000 logistics vehicles comes as Europe ramps up military spending in response to global tensions.
Read the article
Spotify announces 9% price hike for individual plan subscribers
Business • 1:52 PM
2 min
The music streaming platform announced a €1 price increase for customers on its individual plan starting from September.
Read the article
Italy hands fast fashion retailer Shein €1 million greenwashing fine
Business • 11:03 AM
4 min
The decision comes after France fined the retailer €40m in July over fake discounts and misleading environmental claims.
Read the article
Timing of new EU data rules and plan to cut red tape baffles tech sector
Business • 10:00 AM
4 min
The Data Act enters into force in September, three months before the European Commission digital simplification measures will be presented.
Read the article
Women politicians face more personal attacks online. Who is to blame?
Business • 6:01 AM
9 min
In Europe, female politicians don’t have to be famous to be targeted with online hate. What lies behind this hostility?
Read the article
Why copper, aluminium and steel are at the core of Trump's MAGA ideology
Business • 5:01 AM
6 min
Trump’s 50% tariffs on steel, copper and aluminium go beyond mere economics — they’re a bid to reclaim lost US industries and energise his MAGA base.
Read the article