Its stock is up more than 400% since the start of the war, outperforming every other major Western defense company. Rheinmetall says hundreds of vehicles and millions of rounds of ammunition made by the company have been sent to Ukraine. Under Papperger, Rheinmetall has also pushed into in-demand weapons, such as rocket artillery, and entered the lucrative U.S. market. Since war began in Ukraine, Papperger has become a man of the moment, with ambitions to match. BAE Systems, Europe’s largest defense company, has gained roughly 130%.

Source: Wall Street Journal June 11, 2024 11:31 UTC