Rheinmetall could cover about 50% of Ukraine's ammunition requirements and is expecting a decision from Berlin and Kyiv on building a tank factory in Ukraine in the next two months, the German defence contractor's chief executive said on Thursday.

Rheinmetall makes ammunition, other military equipment and the Leopard tanks that Germany decided to send to Ukraine, which the company produces jointly with Krauss-Maffei Wegmann.

Chief Executive Armin Papperger told journalists that Rheinmetall would have a very good operating cash flow in the first quarter and expected a record year for order intake. (Reporting by Matthias Inverardi, Writing by Miranda Murray, Editing by Friederike Heine)