Germany proposes joint weapons production with the U.S., lifting Rheinmetall shares and other defense stocks in European trading.
Rheinmetall shares rose 5% in European trading Wednesday after reports Germany is seeking a partnership with the U.S. to boost domestic weapons production. The move aims to strengthen defense ties amid geopolitical tensions.
Other German defense firms, including Hensoldt, also advanced in Frankfurt. The proposal follows increased defense spending in Europe and heightened demand for military equipment.
The report did not detail specific contracts or timelines but highlighted growing collaboration between Berlin and Washington on security initiatives.