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Rheinmetall's profit doubles as defence spending surges (www.reuters.com)

submitted 3 months ago by NightOwl@lemmy.ca to c/worldnews@lemmy.ml

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The company said this was mainly due to orders from the German army using funds from a 100-billion-euro special fund created after the invasion of Ukraine to bolster the country's armed forces.

The German company also said it had received an order from the Ukrainian government for the construction of an ammunition factory in Ukraine.

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