Tag: German Foreign Minister Johann Wadephul

German arms firms see orders spike as wars rage

The Rheinmetall AG logo in front of the company's headquarters | File Photo: Thomas Banneyer/dpa

The Ukraine war and expanding global conflict showered a windfall on German arms companies like Rheinmetall and TKMS, with some startups like Helsing becoming the upstarts of the weapons industry, and other legacy companies like Heckler & Koch even experiencing a dramatic reversal of fortunes.

45% Germans for 5% of GDP on defence

German Defence Minister Boris Pistorius looks out of the turret of a Leopard 2A6 during a presentation | File Photo: Federico Gambarini/dpa

Some 45 percent of German respondents favour spending 5 percent of GDP on defence that compared to 37 percent who oppose it, with 18 percent saying they don’t know, a poll from YouGov conducted for the Munich-based newspaper Süddeutsche Zeitung showed.