Rheinmetall did not specify whether the IFV would be produced in Ukraine but did mention that “discussions regarding production localization are ongoing.” The report, published on Aug. 8, highlighted a “significant increase in the group’s revenues” due to growing sales to Germany, EU and NATO countries, and their allies. Rheinmetall CEO Armin Papperger stated that sales rose by 50% in Q2 2024. “We have never seen such growth; we expect annual sales growth of approximately EUR 2 billion [$2.2 billion] in the coming years,” the document quotes Papperger. In December 2023, Papperger said that Rhe…