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The MP40 was a revolutionary weapon as it was made almost entirely out of stamped sheet metal parts. It was a very economical weapon to produce, yet maintained its high lethality. This innovation was the only difference between it and the MP38, which was made from expensive machined parts. This approach to weapon design highly influenced the British Sten, and the American M3 "Grease Gun. Rumor has it that Allied forces still preferred MP40s over their own submachine guns and scavenged them whenever possible.
The MP40 was often (incorrectly) given the nickname of "Schmeisser". It had length of 833mm, though it's retracting stock could allow the weapon to shorten to 630mm.
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