German defence industry on the rise: Armaments companies expand at home and abroad, and recording orders worth tens of billions of euros
The Swedish think tank SIPRI, in its latest report, highlighted a global increase in revenues for military technology manufacturers. While European arms companies saw only…
The Swedish think tank SIPRI, in its latest report, highlighted a global increase in revenues for military technology manufacturers. While European arms companies saw only a slight overall improvement, four leading German firms managed to boost their revenues by 7.5%. Increased capital allowed industrial giants like Rheinmetall and Diehl to expand and scale up production, as evidenced by both domestic and international acquisitions. SIPRI anticipates that this trend will continue in the coming years, with further growth in the global arms trade. Worldwide revenues from the sale of military equipment and services rose by 4.2% last year, reaching a total of $632…