German Arms Firm Rheinmetall Seizes On European 'Era Of Rearmament'

Tank maker Rheinmetall said 'an era or rearmament has begun in Europe that will demand a lot from all of us' (Credit: AFP)

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.

"An era of rearmament has begun in Europe that will demand a lot from all of us," Rheinmetall CEO Armin Papperger said in a statement, as the group published its annual results.