Auterion claims Rheinmetall investment will enhance drone software company's expansion.
Rheinmetall's Investment in Auterion: Rheinmetall has become a significant shareholder in U.S.-based drone software firm Auterion, which is expected to enhance collaboration and help Auterion grow its order book without leading to a full takeover.
Current Operations and Future Plans: Auterion, which provides software for Rheinmetall drones, aims to expand its software capabilities and is exploring additional acquisitions, while also expecting to secure contracts from Germany following successful demonstrations of its drone technology.
Market Position and Financials: Founded in 2018, Auterion has become profitable with annual revenues around 100 million euros and plans for growth, supported by existing contracts with countries including the U.S., Ukraine, and several European nations.
Rheinmetall's Strategic Shift: Rheinmetall is restructuring to focus on new priorities, including the establishment of an air defense unit, driven by increasing European demand for drone technology amid security concerns.
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