Diehl: A brand new grasp plan on the quiet arms big? | EUROtoday

As of 8:28 p.m | Reading time: 3 minutes

JFor years, the Diehl expertise group needed to justify its involvement within the arms market. Undeterred, ex-company boss Thomas Diehl, who died in 2017 on the age of 66, caught to the enterprise with the army, which is now paying off.

His youngest son Markus just lately took over as chairman of the supervisory board in April. Now the following huge step follows. In July, board spokesman Klaus Richter (60) shall be leaving after simply three years, the Nuremberg-based firm introduced. There is clearly an enormous plan behind this by the fourth technology of the branchy Diehl clan.

For the broad-based group, the revival of aviation after the Corona disaster and the so-called turning level within the arms market are opening up new enterprise alternatives – and possibly additionally monetary alternatives. Unlike Rheinmetall or Hensoldt, Diehl shouldn’t be listed on the inventory change.

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This makes it simpler for the group, which is owned by two household traces with over 120 years of historical past, to function with out a lot publicity. At the start of July there shall be new figures for the previous yr. In 2022 there was gross sales of three.5 billion euros with 16,550 staff.

The aviation division is prone to have climbed from 889 million in gross sales to over a billion euros in gross sales. It is alleged that the armaments division, which just lately had gross sales of 810 million euros, is on the way in which to billions in gross sales.

It is noteworthy that no successor is called within the firm's announcement relating to the departure of CEO Klaus Richter. The rationalization: “It is still unclear whether this role will be filled again,” stated a spokesman when requested. Richter will stay with the corporate as a member of the advisory board.

Board spokespersons are now not essentially required

The new chairman of the supervisory board, Markus Diehl, is taken into account a “strong supervisory board boss” who can steer fortunes from above. At the identical time, along with the central board, there are additionally boards of administrators within the subgroups. This implies that a board spokesman is now not essentially required.

With the chairman of the supervisory board Markus Diehl and the departure of the previous Airbus supervisor Richter, the part during which folks from outdoors the household have been on the high of the supervisory board and govt board at Diehl ends.

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Industry specialists are eagerly following the corporate's future course, which has to date most well-liked an independence technique somewhat than unilateral dedication. The counterexample is the Munich tank producer Krauss-Maffei Wegmann, which now operates as KNDS and has allied itself with the French Nexter group, now additionally KNDS.

Diehl prefers the multi-cooperation technique, considerably just like Rheinmetall – typically with one after which with the opposite, relying on the undertaking. In the aviation division, for instance, Airbus and Boeing are equipped.

The most well-known Diehl army product is the Iris-T guided missile, which might be fired from plane. In Ukraine, nevertheless, it’s fired from the bottom with nice success in opposition to Russian assaults within the air. Here Diehl is making an attempt every thing to cowl the big demand.

Through a cooperation with the US firm Northrop Grumman, Iris-T may be used worldwide together with the US Patriot system sooner or later. In mid-May it was introduced that the Iris-T guided missile had been test-fired by the brand new South Korean fighter jet KAI KF-21. Further proof of Diehl's broad positioning.