Rheinmetall reports “boom” as results hit new records with orders for vehicles, ammunition and weapons
Rheinmetall is riding high as Europe scrambles to boost its defence forces and replenish spent stockpiles sent to Ukraine.
From 19 January, airBaltic will be increase its flights from Riga to the Belarusian capital Minsk from seven to 10 flights per week as a result of a new partnership with Belavia.
“Thanks to our partner Belavia, we can improve airBaltic services by offering more convenient connections between the Latvian and the Belarusian capital cities,” remarked Tero Taskila, chief commercial officer, airBaltic.
airBaltic flies daily from Riga to Minsk, and Belavia-operated flights will be added on Tuesdays, Fridays and Sundays.
Rheinmetall is riding high as Europe scrambles to boost its defence forces and replenish spent stockpiles sent to Ukraine.
The forecast came as the Italian firm presented its new 2025–29 industrial plan to analysts, with its future figures bolstered by the European increase in defence spending.
Speaking before a committee on European affairs, the speakers addressed recent developments following an eventful few days. During this period, the UK pushed for increased support for Ukraine, while the EU eased budget constraints to allow for greater defence spending. Meanwhile, across the Atlantic, US President Donald Trump introduced tariffs that could impact the defence industry.
NATO and other Western countries had been singing from the same song sheet since the full-scale invasion of Ukraine by Russia three years ago but the alliance has been weakened as the new US administration under President Donald Trump pauses military aid to Ukraine.
Since the release of Ireland’s Commission on the Defence Forces (CoDF) report two years ago there have been whisperings about the potential of Ireland buying fighter jets, one of the most ambitious recommendations. The prospect has now inched closer.
UK Prime Minister Keir Starmer raises defence spending, while both NATO and President Trump demand significant further increases.