Rheinmetall CEO expects order book to balloon by 450% amid Germany military boom

Quick Summary:

Rheinmetall's Armin Papperger expects his company to account for a quarter of Europe's $1.1 trillion defense splurge.

Rheinmetall hasn’t wasted time stepping up its production goals to meet Europe’s newfound defense demands.

In March, MBDA CEO Eric Béranger told the Financial Times that the company was receiving more calls from European militaries seeking to buy non-U.S.-made weapons.

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Article Details

Author / Journalist: Ryan Hogg

Category: EconomyBusiness

Markets: United StatesGermany

Topics: European economy Rheinmetall Arms European politics weapons Fortune 500 Europe Aerospace and defense Government spending Defense and defense German economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-17 @ 11:36:44 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 125 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27963188

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