German Arms Manufacturer Rheinmetall Sees 60% Profit Increase in First Quarter

On Tuesday, German arms manufacturer Rheinmetall announced a significant 60% increase in first-quarter profit. Renowned for producing military equipment such as Leopard tanks, the company plays a pivotal role in supplying weaponry to Kyiv through Berlin.

Despite the notable profit surge, Rheinmetall's earnings fell short of expectations, primarily due to delays in the delivery of trucks and ammunition....