Who Rheinmetall buys from and sells to
Germany's largest defence maker: artillery shells, propellant, tanks, air defence and naval ships.
Part of Defence and Rearmament spending
Buys from 1
- Cotton linter and nitrocellulose producersraw material for propellant charges
Sells to 4
- German government (Bundeswehr)ammunition, Boxer and Puma vehicles, trucksGermany 38% of 2025 sales (FY2025 annual results)
- Ukraine155mm shells, air defence and vehicles, largely donor-funded
- Other NATO and EU governmentsammunition and vehicle framework contracts
- Northrop GrummanNOCF-35 centre fuselages from the Weeze plant
Where the chain could break
- Propellant depends on nitrocellulose from cotton linters, largely sourced from China
- German budget is 38% of sales; growth rests on Bundeswehr procurement timing
Competes with
- KNDStanks and artillery in Europe
- BAE Systemsammunition and armoured vehicles
- General DynamicsGDshells and armoured vehicles
Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.