Reported 2 months ago
Rheinmetall, the German defense group, is confident it will meet its full-year sales and earnings targets following a strong first half, driven by continued demand for weapons in Europe post-Russia's invasion of Ukraine. CEO Armin Papperger announced record sales expectations of 10 billion euros, bolstered by a 50% surge in second-quarter sales, and a significant increase in the company's order backlog.
Source: YAHOO