Since the start of the war in Ukraine, the company moved quickly to meet Europe’s growing need for military spending.

Rheinmetall, Germany's largest armaments manufacturer, saw sales shoot upward in 2024 as Germany and other European countries reacted to Russian aggression and geopolitical instability by building up their armed forces.

German arms manufacturer Rheinmetall said Wednesday that moves by European capitals to ramp up military expenditure and reduce their reliance on the United States were a massive growth opportunity for the defence sector.

Rheinmetall , a major beneficiary of Europe's renewed push to invest in defence, said on Wednesday it expects significant sales growth in 2025 and promised to update guidance after recent geopolitical developments are taken into account.