Rheinmetall

Rheinmetall produces ammunition, armoured vehicles 
and components for the Leopard 2 tank

German Chancellor Friedrich Merz has stepped up scrutiny of military procurement amid mounting concerns that large manufacturers such as Rheinmetall will benefit disproportionately from the country’s €500bn defence budget.

One government insider voiced concern that the defence ministry was “spending a huge amount of money” on conventional weapons such as armoured vehicles and fighter jets.

Financial Times February 25, 2026

https://www.ft.com/content/420c906f-33fe-4c98-acd2-1152f21c1443


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