Since the start of the war in Ukraine, the company moved quickly to meet Europe’s growing need for military spending.

The German defense contractor Rheinmetall, Europe’s largest producer of munitions, said on Wednesday that it was positioned to profit from the region’s willingness to increase military spending as President Trump shifts the United States away from its support of Europe.

Defying the malaise that has plagued the German economy for the past two years, Rheinmetall has reported record growth since the start of the war in Ukraine, building new factories in just months, leading digitization efforts and creating thousands of jobs.

“An era of rearmament has begun,” Armin Papperger, the chief executive of Rheinmetall, said Wednesday on an earnings call with analysts. “It brings us growth prospects for the coming years that we have never experienced before.”

The company, which is in Düsseldorf, Germany, reported that its defense business grew 30 percent last year,

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