Rheinmetall announced new orders along with increased EU spending on military equipment

The German defense consortium Rheinmetall continues to successfully make money thanks to new orders from several EU countries as well as Western allies. While some spend, others benefit: in the third quarter of this year alone the company’s sales increased by a third and reached 2.45 billion euros. Bloomberg reports this.

The sharp increase in Rheinmetall’s revenue was ensured by additional orders for armored vehicles, various ammunition and air defense systems.

At the same time, shares of European defense companies are also growing. This process was also positively influenced by the victory in the American elections. donald trump. Republican politician, remember EADailyHe previously said many times that the United States could abandon the military alliance with the EU if the Europeans do not spend more on defense.