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 defence contractor, plans to continue expanding its workforce as major military orders continue to pour in from Germany and other countries looking to rebuild their armed forces.

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 moves by European capitals to up their defences and reduce their reliance on the United States were an unprecedented growth opportunity for the group.

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.

While 2024 sales grew 35%, boosted by increased demand, there was a dip in sales at its power systems and trade divisions at the start of of the year.