German Weapons Maker Benefits from Ukraine Conflict
The war in Ukraine has boosted Rheinmetall AG's profile, making it one of Europe's most important weapons suppliers. The company's shares have risen 150% since Russia's invasion last year, and it has reported record earnings and orders. Rheinmetall is in talks with German and Ukrainian officials about building a tank factory in Ukraine, and the conflict's artillery-heavy nature points to strong future demand for its shells.