On August 8, 2024, during a conference call with investors, Rheinmetall CEO Armin Papperger outlined the company’s expectation of generating up to €15 billion in potential revenue over the next decade from KNDS Deutschland’s RCH 155 self-propelled howitzer, which is armed with Rheinmetall’s L52 artillery gun. Papperger identified Germany, the Netherlands, the United Kingdom, and Ukraine as key customers or potential customers for the RCH 155. Notably, the United States has also shown interest in this system, which could significantly expand Rheinmetall’s presence in the U.S. defense market.
Rheinmetall’s expansion in the U.S. market was further strengthened by the acquisition of Loc Performance Products, LLC, a Michigan-based vehicle specialist, finalized on August 13, 2024. Valued at $950 million, this acquisition is strategically aligned with Rheinmetall’s goal to enhance its capabilities in the production and supply of military vehicles both in the U.S. and globally. This move is expected to bolster Rheinmetall’s position in major U.S. Army contracts, particularly the XM30 Infantry Fighting Vehicle program and the Common Tactical Truck (CTT) program, which together represent a potential market of over $60 billion.
The Boxer platform, developed by ARTEC, is recognized for its adaptability across various military applications. Among its variants is the RCH 155 from KNDS, a 155mm self-propelled howitzer introduced in 2014. This system integrates the Artillery Gun Module (AGM) onto the Boxer chassis, combining mobility with Rheinmetall’s L52 155mm artillery gun. The system was designed as a wheeled alternative to tracked howitzers like the PzH 2000, with an emphasis on automation and reduced crew requirements, reflecting ongoing efforts to enhance the flexibility and operational range of artillery units.