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Rheinmetall Advances Global Defense Strategy Amid Ethical Scrutiny

The company shifts focus to military production and international partnerships, fueling record profits and ethical debates over arms exports.

Overview

  • Rheinmetall has seen a 1,600% stock surge since 2022, driven by increased NATO and EU defense spending and a record €9.8 billion revenue in 2024.
  • CEO Armin Papperger outlined plans to phase out civilian automotive units and expand military production, projecting a €300–400 billion market by 2030.
  • The firm is strengthening its global footprint with partnerships like Lockheed Martin and Leonardo, while expanding production facilities in Europe, the U.S., and South Africa.
  • Ethical concerns intensify as shareholder activists criticize Rheinmetall’s arms exports to authoritarian regimes and call for excess-profit taxes.
  • Public protests and debates grow over the morality of war profiteering, with figures like Jan van Aken using shares to challenge the company’s practices.