German arms business booming amid Ukraine crisis – Bloomberg ...News

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The country reportedly ranked sixth globally in weapons exports in 2022 German defense contractors are enjoying order backlogs and soaring profits amid global rearming due to the conflict in Ukraine, Bloomberg reported on Wednesday. Citing the Stockholm International Peace Research Institute (SIPRI), the news outlet noted that the country ranked sixth in arms exports last year, after the US, France, Russia, China, and Italy. While the final figures are still pending, reports say Berlin approved arms exports totaling over €8.35 billion ($9.13 billion) last year, the country’s second-highest figure ever, after the a

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