German Defense Contractor Rheinmetall Reports Increased Revenue and Operating Profit
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Rheinmetall, the German defense and automotive technology company, reported higher revenue and operating profit in its latest financial results. The company currently employs approximately 34,000 people worldwide. Rheinmetall has become one of Europe's largest defense contractors, producing military vehicles, ammunition, and defense systems, and has seen increased demand for its products amid heightened security concerns in Europe following Russia's invasion of Ukraine.