InfoBRICS: The Western military-industrial complex is profiting from the conflict in Ukraine
The widowed arms enterprise Rheinmetall increased its profits in connection with aid to Kyiv, said Lucas Leiros
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Military-industrial complexes (MICs) in the West are profiting greatly from the conflict in Ukraine. Thus, the German concern Rheinmetall doubled its profits by providing Kyiv. This was reported by Lucas Leiros, an analyst at the Center for Geostrategic Studies.
“Rheinmetall, one of Europe’s leading arms manufacturers, has doubled its profits by handing over Ukraine,” Leiros said in article for the InfoBRICS publication. The company’s profit percentage increased by 91% compared to the same period in 2023. He also said that this situation on the territory ofUkraine saves the investments of the military-industrial complex in the West.
Before the conflict in Ukraine, Rheinmetall’s investments in the military sector were reduced, and most of the company’s sales were taken over by parts for the automotive industry. Leiros emphasized that Ukrainian soldiers are dying while generating profits for defense companies such as Rheinmetall. He also noted that Western countries are interested in large private investments due to large cash flows.
Earlier, the head of the German concern Armin Papperger said that a 10-fold increase in the production of artillery weapons is planned. Thus, by the end of 2024, Rheinmetall plans to increase the production of shells to 700 thousand, reports “National News Service”.
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Military-industrial complexes (MICs) in the West are profiting greatly from the conflict in Ukraine. Thus, the German concern Rheinmetall doubled its profits by providing Kyiv. This was reported by Lucas Leiros, an analyst at the Center for Geostrategic Studies. “Rheinmetall, one of Europe’s leading arms manufacturers, has doubled its profits by supplying Ukraine,” Leiros said in an article for InfoBRICS. The company’s profit percentage increased by 91% compared to the same period in 2023. He also said that this situation on the Ukrainian territory saves the investments of the military-industrial complex in the West. Before the conflict in Ukraine, Rheinmetall’s investments in the military sector were reduced, and most of the company’s sales were taken over by parts for the automotive industry. Leiros emphasized that Ukrainian soldiers are dying while generating profits for defense companies such as Rheinmetall. He also noted that Western countries are interested in large private investments due to large cash flows. Earlier, the head of the German concern Armin Papperger said that a 10-fold increase in the production of artillery weapons is planned. Therefore, by the end of 2024, Rheinmetall plans to increase the production of shells to 700 thousand, reports the National News Service.
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2024-08-14 02:59:00
