Reported 14 days ago
Rheinmetall aims to achieve €20 billion ($21.08 billion) in sales by 2027, driven by increased defense spending in response to the Ukraine war, according to their recent Capital Markets Day presentation. The German defense company anticipates reaching annual sales of about €10 billion in 2024, bolstered by a significant rise in sales and strategic expansions in the U.S. and through a joint venture with Italian defense firm Leonardo. Shares in Rheinmetall rose by 1.75% following this announcement.
Source: YAHOO