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Daimler Truck AG9h agoBusinessHigh confidence

Daimler Truck Launches Global Defence Brand, Targets €1 Billion Revenue by 2028

Revenue target

€1 billion

Investment

mid-three-digit million euros

Current employees in defence

1,000

What Happened

Daimler Truck is consolidating its global defence activities under a new brand, Daimler Truck Defence, and will invest a mid-three-digit million-euro amount over the coming years. The company targets €1 billion in defence-related revenue by 2028. The portfolio will expand beyond Mercedes-Benz Trucks to include vehicles from other Daimler Truck brands.

Defence is a key pillar of Daimler Truck's growth strategy. We are making targeted investments in our production facilities, the development of new solutions, and the expansion of our sales and service network.
Karin Rådström, CEO of Daimler Truck
Recent contract awards
  • Major Bundeswehr order for military logistics vehicles in the three-digit unit range
  • Contract with Canadian Armed Forces (with General Dynamics Land Systems) for at least 1,500 logistics trucks
  • Framework agreement with French Armed Forces (with Arquus) for 7,000 trucks based on Zetros platform

Why this matters

This expansion positions defence as a core growth pillar for Daimler Truck, leveraging its global scale to meet rising demand for military logistics vehicles.

Terms in This Story

Bundeswehr
The unified armed forces of Germany.
Eurosatory
A major international defence and security exhibition held in Paris.
Read Original: Daimler Truck AG