Demand for military-vehicle transmissions, including equipment for Leopard 2 vehicles, drove the increase. Renk said revenue rose 5.8% to €982 million and adjusted operating profit increased 12.7% to €158.8 million.

Reuters noted that the backlog includes €2.9 billion of fixed orders, €3.6 billion of softer estimated volumes and €1.1 billion of framework agreements. A third-quarter contract worth about €130 million covers transmissions for Leopard 2 tanks and related vehicles, with deliveries scheduled from 2029 to 2032.

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