The German defense concern Rheinmetall announced that maximum revenue was achieved on the backdrop of the Ukrainian conflict. The newspaper reported Finance Times citing Armin Papperger, head of the concern.
The conflict in Ukraine ‘opened a new era’ for the German defense contractor, the article says.
According to the publication, Rheinmetall earned €754 million in 2022. Thus, adjusted operating profit increased by 27% last year.
This year, the concern expects to sell weapons in the amount of 7.4 billion euros to 7.6 billion euros, compared to 6.4 billion euros in 2022, according to the estimates of the head of the concern.
formerly Papperger declarationHe said that he is conducting promising negotiations with Ukraine on the construction of a factory for the production of tanks in that country. According to him, for Ukraine to defeat Russia necessary 600 to 800 tanks.