Rheinmetall reports strong start to first quarter of 2024–Group continues profitable growth and increases order backlog

KEY FACTS Expansion of military business: Consolidated sales of Rheinmetall climb by 16% to around €1.6 billion Further significant increase in orders – Rheinmetall Nomination rises to around €4 billion Rheinmetall Backlog rises by 43% from €28.2 billion to €40.2 billion Operating earnings increase by 60% to €134 million Operating margin improves significantly to 8.5% Guidance for 2024 confirmed…

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Global defence budget: How much India, Pakistan and China are spending on military

Global defence budget / military spending reached $2,443 billion in 2023, marking a significant 6.8 per cent increase from the previous year and the most significant year-on-year rise since 2009, according to new data from the Stockholm International Peace Research Institute (SIPRI). The average military spending per person was the highest since 1990, at $306….

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‘Misleading’: Indian Defence Ministry on reports of model of Chinook chopper going missing

The Indian defence ministry has trashed reports that a model of a Chinook chopper installed by the DRDO at the 2020 edition of DefExpo went missing. Defence Ministry spokesperson A Bharat Bhushan Babu said the Defence Research and Development Organisation (DRDO) never installed any helicopter model in Lucknow. “The news circulating about a DRDO installed…

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