Rheinmetall's CEO revealed that France may withdraw from the joint MGCS next-generation main battle tank project with Germany. Budget cuts and insufficient funding threaten the partnership.

European defense stocks failed to rally during the Iran war, as investors reassessed high valuations, order uncertainty, and the battlefield impact of low-cost drone warfare.

German defense giant Rheinmetall has signed an agreement to acquire a 51% stake in Croatian unmanned ground systems manufacturer DOK-ING. The move aims to strengthen Rheinmetall’s capabilities in unmanned military technologies.

Rheinmetall Expal Munitions and Spain’s EM&E Group have submitted a joint proposal under the SILAM program to develop a fully indigenous, high-mobility rocket system for the Spanish Army.

Hensoldt has signed a long-term framework agreement to deliver Spexer 2000 ground-based surveillance radars to Rheinmetall for air defense and counter-drone systems.

Austria signed a €500 million agreement with Rheinmetall to boost its air defense capacity. The modernization project will begin in 2024 and last 48 months.