Vienna in the upswing: armaments industry is booming with new orders!
Vienna in the upswing: armaments industry is booming with new orders!
Erding, Deutschland - In the Simmeringer work of General Dynamics European Land Systems-Steyr, armaments production flourishes like never before. 225 wheel armor is currently being manufactured there for the army, a record order that is part of the "Structure Plan 2032" of the Austrian government. Managing Director Martin Reischer confirmed that the orders are ensured by 2032, which enables not only production, but also investments in the location. The construction of a new assembly hall of 7,500 square meters and the recent modernization of the welding are growing. In addition, the number of employees from 130 to 250 is increased in order to meet the increased requirements, as reported.
defense industry in the upswing
The Austrian military plans to triple its defense spending, which leads to a continued good order situation for the domestic armaments manufacturers. In addition to General Dynamics, investments also flow into the Rheinmetall factory in Liesing, where military trucks are produced. With around 1,400 employees, Rheinmetall has already increased production and employee numbers, and further expansions are in prospect. This happens against the background of a general upgrade in Europe, with Germany playing a key role as a leading nation.
In Bavaria, around 45,000 people are employed in the defense and security industry, which indicates strong growth. Companies such as Airbus and Diehl invest a lot in military electronics in order to remedy the field of drone technology and air defense. Ralf Ketzel, CEO of KNDS Germany, emphasizes that the latest Leopard 2 tank generation is significantly better protected against air strikes. The share prices from suppliers such as Renk and Hensoldt, who deliver central technologies, have also increased strongly in recent years, as Br.de
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| Ort | Erding, Deutschland |
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