Rheinmetall sees order potential of up to $341 billion, CEO tells Handelsblatt

Published 04/16/2025, 02:18 PM
Updated 04/16/2025, 02:20 PM
© Reuters. FILE PHOTO: Armin Papperger, CEO of German defense and automotive group Rheinmetall AG poses in front of the company's logo following a Reuters interview in Duesseldorf, Germany January 27, 2023. REUTERS/Jana Rodenbusch/File Photo

FRANKFURT (Reuters) - Rheinmetall (ETR:RHMG) could boost its order book to up to 300 billion euros ($341 billion) by the end of the decade, its CEO said, boosted by Europe’s efforts to ramp up defence spending and create credible deterrence against Russia.

Armin Papperger also told German business daily Handelsblatt that he was in touch with Volkswagen (ETR:VOWG_p) over its Osnabrueck plant, which could be repurposed to make defence equipment, but cautioned an agreement should not be expected soon.

($1 = 0.8789 euros)

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