Daimler Truck Eyes €1 Billion Defense Revenue

Daimler Truck is bolstering its defense activities by unifying global operations under the new Daimler Truck Defence brand. The company has set an ambitious goal of achieving €1 billion in global revenues by 2028. To support this expansion, Daimler Truck plans to invest a mid-three-digit million-euro amount into the defense sector.

The company will also enhance its development, production, sales, and service capacities over the coming years. Currently, approximately 1,000 people are employed in this area. The Wörth am Rhein site in Germany is central to this growth strategy, expecting to add over 100 new jobs for skilled specialists.

Daimler Truck Defence will leverage the group's existing modular technology from civilian vehicle series and collaborate with partner companies. Proven models like the Unimog and Arocs, already used in non-military capacities, will form part of the future portfolio. This strategic move comes as the company navigates financial pressures, including a 34% profit slump last year.