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Rheinmetall's stock has soared over 1,000%, and the German defense giant sees growth 'that we have never experienced before'

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In recent years, the European leader in munition production invested nearly €8 billion in new manufacturing facilities, acquisitions, and supply-chain security. In January, Rheinmetall announced it acquired a majority share in a Bavarian software developer that specializes in digitizing warfare.
Rheinmetall, a German defense company, has experienced a significant surge in its stock value, increasing by over 1,000% since the onset of the Ukraine war. This growth is attributed to heightened demand for military equipment, particularly in Europe, where countries are rearming in response to geopolitical tensions. The company's CEO, Armin Papperger, highlighted that Rheinmetall is witnessing unprecedented growth, with expectations of doubling its sales in the coming years. The demand spans from ammunition to vehicles, with specific orders like 100,000 artillery shells from Ukraine and 155mm shells from Germany. Rheinmetall is also expanding its production capabilities, planning new factories in Germany, Lithuania, and Ukraine, and is set to supply tanks to Ukraine and Hungary. This expansion and the increased orders are part of a broader trend where European nations are boosting defense budgets, with Germany alone planning to increase its defense spending significantly.

Read the Full Fortune Article at:
[ https://www.msn.com/en-us/money/companies/rheinmetall-s-stock-has-soared-over-1000-and-the-german-defense-giant-sees-growth-that-we-have-never-experienced-before/ar-AA1B2neh ]