Trade Rheinmetall AG - RHM CFD

Rheinmetall Company profile

Rheinmetall (RHM), established in 1889, is a German company operating via two corporate segments: Rheinmetall Automotive and Rheinmetall Defence. Rheinmetall Automotive caters to the automotive industry via three core divisions: Hardparts, Mechatronics and Aftermarket. Rheinmetall Defence specialises in security and mobility via three divisions: Weapon and Ammunition, Electronic Solutions and Vehicle Systems. Based in Düsseldorf, the company employs over 23,000 people in Germany and across 75 foreign sites in 29 countries globally. Its shares are listed on the MDAX and Rheinmetall share price can be found at all German exchanges. RHM share price chart is also available at Capital.com.

The long history of Rheinmetall AG began in April 1889 when it was founded by Heinrich Ehrhardt and his associates in Dusseldorf, Germany, to take on a contract that another munitions company could not fulfil. For some time, the Rheinmetall was forced to produce non-military items, including locomotives, steam ploughs and office equipment, due to the limitations imposed upon Germany after World War I. Shortly after, military production commenced as the Reich acquired a majority stake of the company. Diversification into the non-defence mechanical engineering and electronics fields happened in 1958. Rheinmetall took over the Pierburg GmbH, a carburettor manufacturer, in 1986 and the current Automotive sector was created. 

By successfully acquiring various companies throughout its operation history, Rheinmetall grew into a large European defence contractor as it is at present. In the financial year of 2018, the company generated sales of €6,148 billion.

Follow the Rheinmetall share price at Capital.com website.