Defying the malaise that has plagued the German economy for the past two years, Rheinmetall has reported record growth since the start of the war in Ukraine, building new factories in just months, leading digitization efforts and creating thousands of jobs.
“An era of rearmament has begun,” Armin Papperger, the chief executive of Rheinmetall, said Wednesday on an earnings call with analysts. “It brings us growth prospects for the coming years that we have never experienced before.”