Commodities
Rheinmetall Earnings More Than Double on Defense Spending Spree
- Second-quarter operating profit jumps to €271 million
- Arms sellers’ CEO was target of Russian assassination plot
A Rheinmetall AG Skyranger 30 anti-drone and missile system at the 2024 Berlin Air Show in June.
Photographer: Sean Gallup/Getty Images
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Rheinmetall AG’s profit soared 111% in the second quarter as Germany’s biggest arms maker sold more weapons and ammunition to military clients.
Operating earnings jumped to a better-than-expected €271 million ($294 million) after revenue rose by around half, the company said Wednesday.