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Fortune

Stuart Dyos

Rheinmetall’s stock has soared over 1,000%, and the German defense giant sees growth ‘that we have never experienced before’

Rheinmetall Armin Papperger European Union Europe Ukraine United States Volkswagen

Rheinmetall CEO Armin Papperger at the company's annual press conference (Credit: Rolf Vennenbernd—picture alliance/Getty Images)

German defense contractor Rheinmetall’s stock price has skyrocketed more than 1,000% since Russia invaded Ukraine in 2022. As the EU plans a €800 billion boost in defense spending, Rheinmetall expects growth to remain strong.

German defense contractor Rheinmetall sees unprecedented gains ahead as Europe embarks on a massive military buildup, even after reporting already-strong growth.

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