These charts show the size of Europe's defense boom, as companies take stock of the Iran war [MSNBC.com]
RHEINMETALL AG UNSP/ADR (RNMBY)
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Source: MSNBC.com
In this articleWorkers assemble a Leonardo AW139 helicopter on the production floor at the Leonardo plant in Varese, Italy, on Thursday, March 20, 2025.Bloomberg | Bloomberg | Getty ImagesItalian defense firmLeonardo unveiled plans to double profits by 2030, the day after German peer arms makerRheinmetallsales could grow as much as 45% this yearLeonardo CEO Roberto Cingolani told investors that war was "getting faster and more dangerous," and warned of the rise of hybrid threats that "increase uncertainty and operational complexity."Rheinmetall said that it was in a "prime position" to arm the U.S. amid the war in Iran, with CEO Armin Papperger telling investors that "over the next 10 years, there is a huge need" for its products.Rheinmetall shares fell 8% after the guidance, which was described as "realistic but soft" by a Jefferies analyst, who added investors had high expectations for a share price that has risen 1,700% since the start of 2022.The war in Iran, which has entered its
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