Rheinmetall CEO Says Arms Boom Is the Biggest He’s Ever Seen

9 comments

1. this is a bad thing , the only winners in war is the arms companies

2. The biggest he’s ever seen, so far

3. Rheinmetall is for defense what Biontech was for COVID vaccines

   a company sitting there quietly and unknown, and suddenly the entire continent needs its products

   its order backlog has already reached **48.6 billion euros by end of June 2024**

   [https://www.rheinmetall.com/en/media/news-watch/news/2024/08/2024-08-08-rheinmetall-news-financial-report-for-h1](https://www.rheinmetall.com/en/media/news-watch/news/2024/08/2024-08-08-rheinmetall-news-financial-report-for-h1)

   it probably has by now a higher order backlog than VW

   even if the war ends ,they will have their order books full just for replacing what was sent to Ukraine by various European countries, and to replace the Communist era equipment that is phased out by Poland,Czechia, Slovakia, Romania, Slovenia, Croatia, Bulgaria, Hungary, Lithuania ,Latvia, Estonia and others

   they were the 20th largest defense company in 2023, by 2025 they could easily break into top 10

   [https://en.wikipedia.org/wiki/List_of_defense_contractors#List_of_companies](https://en.wikipedia.org/wiki/List_of_defense_contractors#List_of_companies)

   [https://people.defensenews.com/top-100/](https://people.defensenews.com/top-100/)

4. every non military CEO in germany: “great for you!! :*(“

5. And it’ll keep going for the time being.

6. My onlysin etf is doing great

7. Looks like it’s time to remilitarize the Rheinland. No wait..

8. Not exactly suprising. Czech defense manufacturer CSG grew from 200M EUR revenue to 3.2B in about 4 years.

9. They’re meant to go boom