Renk order intake jumps by a third to reach record backlog
German defence supplier Renk reported a third-quarter order increase driven by military vehicle demand. Order intake reached 1.66 billion euros, pushing the backlog to a record 7.6 billion euros as European nations rebuild armed forces.
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RENK GROUP AG posted a 33% jump in order intake to €1.66 billion ($1.87 billion) during the first nine months of the year, driven by military vehicle demand. The surge pushed the order backlog to a record €7.6 billion across Germany and wider European markets. Investors are tracking how fast the defense supplier can convert this demand into actual deliveries as armed forces rebuild.
