Rheinmetall, which is heavily involved in the USA, sees itself on course even after the election of Donald Trump as the new US president.

Rheinmetall's growth prospects in the United States remain intact, according to a presentation made by the Group for an analysts' conference on Thursday. Rheinmetall does not expect the victory of the Republican presidential candidate Trump to have any impact on its defense programs for the USA. The takeover of US supplier Loc Performance is also well underway.

Rheinmetall CEO Armin Papperger had already said in August that he expected the United States to remain a core market for Rheinmetall. "We are investing a lot of money, we have a clear strategy for growth and the United States will be a strong core market for us in the coming years," he said at the time: "It doesn't matter who is president in the USA."

Rheinmetall has factories in the USA and cooperates with the US company Lockheed Martin, among others. The Düsseldorf-based company is also hoping to win the contract in the USA to develop a successor to the US Bradley infantry fighting vehicle. The project could be worth more than 45 billion dollars. Rheinmetall initiated the takeover of Loc Performance in August. "Through the acquisition of Loc Performance, the Group is expanding its business with the US military, increasing its industrial base in the USA and creating further access for its technologies in North America," it said at the time.

(Report by Matthias Inverardi, edited by Ralf Banser. If you have any questions, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)