Defense
Rheinmetall CEO Says Arms Boom Is the Biggest He’s Ever Seen
- Expects annual revenue growth of €2 billion for some time
- Tank maker ‘massively’ raised capacity since Crimea invasion
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Rheinmetall AG is seeing record growth because of Europe’s defense ramp-up in response to Russia’s invasion of Ukraine, with annual jumps in revenue expected for years to come.
“We have never seen such growth,” Chief Executive Officer Armin Papperger said Thursday. “The supercycle is clearly accelerating.”