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flag German arms giant Rheinmetall reports a 36% sales jump to €9.8 billion in 2024, fueled by European defense spending.

flag German arms company Rheinmetall reported a 36% increase in sales to €9.8 billion in 2024, driven by rising European defense spending. flag The company's CEO, Armin Papperger, says this "era of rearmament" presents unprecedented growth opportunities. flag Military sales alone rose 50%. flag Rheinmetall expects a further 25-30% growth in 2025, with defense sales up 35-40%, as European countries increase their spending to reduce reliance on the US.

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