German arms maker sees shares surge

Germany’s decision to send Leopard 2 tanks to Ukraine has pushed shares in the 134-year old arms manufacturer Rheinmetall – already surging since the war began – to a record high
   

Armin Papperger
Rheinmetall CEO


Leopard 1 & 2 main battle tank
Also builds 120mm L44 gun for U.S. M1 Abrams tank

Marder and Puma infantry fighting vehicles

Panzerhaubitze self-propelled howitzer HX military trucks

Air defence systems 
Field hospitals

Munitions
Infantry, anti-aircraft, artillery, mortar


RHEINMETALL SHARES
Outperformed rest of defence sector

STOXX European Aerospace and Defence Index: €849.27

Jan 26, 2022: €91.72

Feb 2022: Russia invades Ukraine

Jan 26, 2023: €220.90 +140%

€1022.06 +20%

% increase
150
100
50
0

     Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan


Sources: Rheinmetall, Marketwatch 
Picture: Newscom 
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