German defence giant Rheinmetall sees business boost from Mideast war [Yahoo! Finance]
RHEINMETALL AG UNSP/ADR (RNMBY)
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rheinmetall.com/en/rheinmetall_ag/corporate_social_responsibility/stakeholder_2/investoren_2/index.php
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Source: Yahoo! Finance
German arms maker Rheinmetall said Wednesday the Middle East war offered new business opportunities, especially for its air defence systems, as it forecast continued strong growth this year. The conflict began with US-Israeli strikes on Iran at the end of February, triggering retaliatory Iranian attacks across the region, as well as turmoil on global markets. Rheinmetall, whose business has boomed since Russia's 2022 full-scale invasion of Ukraine spurred a re-armament drive in Europe, said it may now turn its attention to the Middle East. While stressing the war was "crazy" and that "we don't want any of this," CEO Armin Papperger told reporters that Germany's biggest defence group also saw "opportunities". "Over the weekend the phones did not stop ringing. People want our systems," he said, referring to the group's range of armaments that defend against drone and missile attacks. "Well over 100 drones were shot down in the Middle East over the weekend alone with our syste
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News
- 2 Defense Stocks to Buy in March [Yahoo! Finance]Yahoo! Finance
- Is It Too Late To Consider Rheinmetall (XTRA:RHM) After European Rearmament Contracts? [Yahoo! Finance]Yahoo! Finance
- EWG: Amid Fracturing Global Order, Germany Must Rise To The Occasion [Seeking Alpha]Seeking Alpha
- These charts show the size of Europe's defense boom, as companies take stock of the Iran war [MSNBC.com]MSNBC.com
- These charts show the size of Europe's defense boom, as companies take stock of the Iran war [CNBC]CNBC