Germany Makes $3,816 From Every Single 155m Shell that Ukraine Launches at Russia
No wonder the German Government supports this “never-ending war”.
How does German manufacturer Rheinmetall profit off the Ukraine conflict?
Kiev needs some 1.5 million artillery shells annually, according to Europe’s largest arms maker, Rheinmetall.
Rheinmetall has raised the price of 155 mm caliber ammunition from €2,000 ($2,120) to €3,600 ($3,816) per piece, according to the newspaper, Welt Am Sonntag.
Rheinmetall has received an additional order for more artillery shells for Ukraine. The framework agreement for 155mm artillery ammunition concluded in July runs until 2029 and represents a gross potential order volume of around €1.2 billion.
German arms manufacturer Rheinmetall announced it had set up a joint venture with Ukraine.