German defense firm Renk CEO says Iran war could drive ‘increasing demand' in the Middle East [CNBC]
RHEINMETALL AG UNSP/ADR (RNMBY)
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Source: CNBC
“The current crisis in the Middle East, the Iran war, this might lead overall, and this is really a gut feeling, to overall increasing demand for defense capabilities in this region,” said Alexander Sagel. It comes as Renk posted double-digit top and bottom line growth in 2025. In this article The RENK Group is one of the world's leading suppliers of highly efficient drive and control technology. They develop systems for using high forces and torques to drive vehicles, ships and machines. Customers come from the defense, energy and industrial sectors. (Photo by CHRISTOF STACHE/AFP via Getty Images) Christof Stache | Afp | Getty Images The chief executive of German defense firm Renk said the escalating war in the Middle East could boost its business in the region. “The current crisis in the Middle East, the Iran war, this might lead overall, and this is really a gut feeling, to overall increasing demand for defense capabilities in this region,” CEO Alexander Sagel said Thu
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