Tag Archive 'Denel Munitions'

Apr 21 2009

Could Denel technology have been at work here?

Published by under Companies,More News

German listed firm Rheinmetall is the majority shareholder of Denel Munitions (more about that here) and this news makes one wonder whether Denel technology might have helped Rheinmetall to catch the fish…

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Mar 26 2009

Denel Munitions’ German owner goes for growth

Published by under Companies,More News

Rheinmetall AG, the listed German company holding the majority share in Denel Munitions, released its annual results for 2008 earlier this week.

Thanks to a strong performance by the division Rheinmetall Defence, one of Europe’s biggest suppliers of land forces weaponry and the division to which Denel Munitions belongs, the group’s annual results contained no nasty surprises.  

Rheinmetall Automotive, the other division in the company, had a less enjoyable time. 

While sales of the division Defence rose 3%, it dropped 9% in the division Automotive, enabling Defence to increase its share of group sales from 44% to 47%. 

“Our defence business is independent of general economic conditions, which pushes us over difficult situations. Therefore, we will push ahead with the internationalisation and growth of Defence,” said CEO Klaus Eberhardt.  

In short, good news for Denel HQ from Germany.

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