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German arms giant Rheinmetall reports a 36% sales jump to €9.8 billion in 2024, fueled by European defense spending.
German arms company Rheinmetall reported a 36% increase in sales to €9.8 billion in 2024, driven by rising European defense spending.
The company's CEO, Armin Papperger, says this "era of rearmament" presents unprecedented growth opportunities.
Military sales alone rose 50%.
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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El gigante alemán de armas Rheinmetall reporta un salto de ventas del 36% a 9.800 millones de euros en 2024, impulsado por los gastos de defensa europeos.