EMT

What EMT does

Rheinmetall AG is a publicly listed German integrated technology group (Aktiengesellschaft) headquartered at Rheinmetall Platz 1 in Düsseldorf, operating as a cross-domain system house for the security and defense industry. The company provides products and services for deployment across land, water, air, and space, organized into seven product lines: Industry, Mobility, Land, Air, Naval, Digitization, and Training & Service. Specific offerings include the MASS multi-ammunition soft-kill ship protection system, ATACMS missiles co-produced with Lockheed Martin, a high-energy laser weapon system being developed with MBDA for the German Navy, artillery ammunition manufactured at the Unterlüß plant in Lower Saxony, the PATH autonomy system for the Canadian lunar rover program, and combat-training digitization for the British Army.

Rheinmetall generates revenue primarily through one-time equipment sales and recurring systems integration and training services sold directly to government defense ministries and armed forces, with international sales executed via bilateral agreements and NATO frameworks. Pricing is negotiated through formal government procurement processes; individual contracts range from mid-double-digit million EUR (e.g., NATO-funded Ukrainian ammunition) to nearly 1 billion EUR (British Army training digitization). The company employs 87,746 people across 325 global locations as of July 2026, with a reported operating result of 82,649 MioEUR on revenue of 253 MrdEUR for continuing operations as of 31.12.2025.

The go-to-market motion is direct enterprise field sales to government buyers, supported by institutional communications, defense industry events, and investor relations channels. Customers are concentrated among European NATO member states (Germany, United Kingdom, Croatia), with additional programs in Ukraine, Kuwait, and Canada. The customer base is overwhelmingly governmental, which yields long contract cycles and procurement-locked demand but also creates concentration risk.

Name

EMT

Legal name

Rheinmetall AG

Website

https://emt-penzberg.de

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

11–50 employees

Short description

Rheinmetall AG is a publicly listed German defense and security technology group operating as a cross-domain system house across land, water, air, and space, serving government defense ministries and armed forces with hardware, autonomy, training, and integration services.

Ownership category

akta.pro rank

Product category

Defense Systems Manufacturing

NAICS

Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing (336419), Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing (336415), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Guided Missile and Space Vehicle Manufacturing (336414)

SIC

Ordnance & Accessories, (No Vehicles/Guided Missiles) (3480), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Guided Missiles & Space Vehicles & Parts (3760)

akta.pro primary industry

Military Weapons Integration & Stores Management (IMABAMAG)

akta.pro secondary industries

Artillery, Mortar & Tank Munitions (IMABAHAH), Military Space Systems (Defense Spacecraft) (IMABACAC), Defense Infrastructure, Installations & Base Operations (BPAIAHAK), Guidance, Navigation & Control (GNC) Electronics for Weapons (IMABAGAH)

Keywords

• Defense systems manufacturing
• Military vehicle systems
• Naval defense equipment
• Air defense systems
• Autonomous military technology

Headquarters

HQ city

Penzberg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Defense Equipment Sales: One-time and recurring sales of defense equipment including vehicles, weapons systems, ammunition, and naval systems to government military customers. Major contract values in billion EUR range (e.g., ~1 billion EUR British Army training digitization).
2. Systems Integration and Services: Systems integration services, training services, and ongoing support for defense platforms. Includes training British armed forces in autonomous logistics operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

The company is an integrated technology group operating as a cross-domain systems house for the security and defense industry. It develops and manufactures defense products and services for deployment on land, water, in the air, and in space. Core offerings include land-based defense systems, naval ship protection systems, air defense systems, artillery ammunition, autonomous military vehicles, missile systems, high-energy laser weapons, and digitization solutions for combat training. Revenue is generated primarily through one-time and recurring sales of defense equipment and systems integration services to government military customers.

Product overview

Rheinmetall is an integrated technology group operating as a cross-domain systems house for the security and defense industry. The company offers an innovative product and service portfolio for deployment on land, water, in the air, and in space. The product portfolio consists of seven main categories: Industry (Industrie), Mobility (Mobilität), Land systems (Land), Air systems (Luft), Naval systems (See), Digitization (Digitalisierung), and Training & Service (Ausbildung & Service). Specific sub-products include the MASS ship protection decoy launcher, PATH autonomy system for space applications, ATACMS missile systems (co-produced with Lockheed Martin), and laser weapon systems (developed with MBDA for the German Navy). The company also provides artillery ammunition and unmanned vehicle solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Rheinmetall Unmanned Vehicles: Subsidiary focused on unmanned vehicle systems for defense applications.

Products and services

• Land Systems (Land) Land-based defense and security systems and products including military vehicles, weapons, and ground-based military equipment for armed forces customers.
• Naval Systems (See) Naval defense systems including ship protection solutions, naval countermeasure systems, and combat-proven decoy launchers for military naval customers.
• Air Systems (Luft) Air defense and aviation-related defense systems for military customers including air defense and aviation products.
• Digitization Solutions (Digitalisierung) Digitization solutions for defense training and military operations, including battle training digitization systems contracted by the British Army.
• Training & Service (Ausbildung & Service) Training services and support solutions for defense forces, including training British armed forces in autonomous logistics operations.
• MASS (Multi-Ammunition Soft-kill System) Combat-proven ship protection decoy launcher system for naval vessel defense, recently procured by Kuwait as a major order.
• PATH Autonomy System Autonomy system for lunar rover applications in space exploration, integrated into the Canadian lunar rover program.
• ATACMS (Army Tactical Missile System) Army Tactical Missile System co-produced with Lockheed Martin for European markets to establish European production capacity for precision strike missiles.
• Laser Weapon System High-energy laser weapon system for the German Navy, developed in partnership with MBDA under BAAINBw contract.

Quantifiable outcome

• ~1 billion EUR contract value for British Army training digitization

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Space NorwayminorStrategic or Co-development Partner · 15 July 2026Rheinmetall and Space Norway cooperate on maritime space surveillance. Partnership announced July 2026 to develop space-based maritime monitoring capabilities.
• MBDAcoreStrategic or Co-development Partner · 9 July 2026Rheinmetall and MBDA awarded contract by BAAINBw to develop laser weapon system for German Navy. Joint development partnership for naval high-energy laser defense systems.
• Croatia (Croatian Defense Ministry)coreStrategic or Co-development Partner · 8 July 2026Rheinmetall offers Croatia a long-term strategic industrial partnership. Rheinmetall Unmanned Vehicles planned to become a center for future defense. Major strategic partnership for Central Europe.
• Lockheed MartincoreStrategic or Co-development Partner · 7 July 2026Rheinmetall and Lockheed Martin plan to co-produce ATACMS (Army Tactical Missile System) in Europe. Partnership aims to establish European production capacity for precision strike missiles.
• RheinbahnminorStrategic or Co-development PartnerPartnership with Rheinbahn (public transport), MIRA, and Düsseldorf Airport to test teleoperated shuttles in public road traffic. Civilian mobility technology testing collaboration.
• MIRAminorStrategic or Co-development PartnerTechnology partner for teleoperated shuttle testing with Rheinbahn and Düsseldorf Airport. Autonomous driving technology integration for civilian applications.
• Flughafen Düsseldorf (Düsseldorf Airport)minorStrategic or Co-development PartnerPartner in teleoperated shuttle testing project. Airport provides real-world testing environment for autonomous mobility technology.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• General Dynamics: US defense incumbent with major land systems (Abrams, Stryker), naval (submarines), and combat vehicle lines. Comparable as a multi-domain prime; competes with Rheinmetall on European armored vehicle opportunities.
• Airbus Defence and Space: Division of Airbus covering military aircraft, space, and connected defense systems. Competes in air defense, space (relevant to PATH/Space Norway), and integrated defense solutions.
• Lockheed Martin: US defense incumbent and current ATACMS partner. Larger portfolio across air, missiles, space, and rotary wing; the European co-production deal positions Rheinmetall as a tier-one supplier but also a regional competitor on select programs.

Direct peers

• Saab AB: Swedish defense and security company with strong land systems, naval, and air defense offerings. Competes directly for Nordic and broader European defense contracts and shares Rheinmetall's NATO-aligned positioning.
• Thales Group: French defense and aerospace prime competing directly in land systems, air defense, naval systems, and digital defense. Comparable product overlap, especially in naval countermeasures and air defense electronics.
• BAE Systems: Largest European-headquartered defense prime, competing across land, air, naval, and electronic systems. Highly comparable as a multi-domain defense integrator with similar government-customer base and NATO-aligned export business.
• MBDA: European missile systems consortium (Airbus, BAE, Leonardo). Both partner and competitor — jointly developing laser weapon for German Navy with Rheinmetall, but competes in missile systems and naval defense markets.
• Leonardo S.p.A. Italian defense prime with comparable portfolio across helicopters, electronics, land systems, and training/simulation. Direct competitor on European NATO procurement programs.

Emerging players

• Hensoldt: German sensor solutions and electronic systems provider spun from Airbus. Comparable as a domestic German defense supplier with sensor, radar, and electronic warfare capabilities that complement or compete with Rheinmetall's systems.
• Kongsberg Gruppen: Norwegian defense and aerospace company with strong position in missiles (NSM), naval systems, and remote weapon stations. Comparable in scope of selected weapons and naval portfolios; smaller but rapidly growing in Rheinmetall's priority domains.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/RheinmetallAG
• YouTubeyoutube.com/@RheinmetallGroup
• LinkedInlinkedin.com/company/emt-ingenieurgesellschaft-dipl.-ing.-hartmut-euer-mbh
• Instagraminstagram.com/rheinmetallag

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EMT