In this article
The chief executive of German defense firm Renk
said the escalating war in the Middle East could boost its business in the region.
“The current crisis in the Middle East, the Iran war, this might lead overall, and this is really a gut feeling, to overall increasing demand for defense capabilities in this region,” CEO Alexander Sagel said Thursday on a call with analysts.
A day earlier, Sagel said the company received its first orders … for prototypes for a new Infantry Fighting Vehicle (IFV) from “a Gulf state,” which should be developed in the next two to three years. “It’s a kind of indication,” he added.
