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Rheinmetall CEO expects order book to balloon by 450% amid Germany's rearmament drive

Rheinmetall's Armin Papperger expects his company to account for a quarter of Europe's $1.1 trillion defense splurge.
Rheinmetall CEO Armin Papperger anticipates a significant expansion of the company's order book, projecting it to reach €30 billion by the end of 2024, driven by heightened demand for military equipment amid escalating geopolitical tensions. This growth is fueled by Germany's increased defense spending and a broader European military buildup, with Rheinmetall securing substantial contracts for tanks, artillery, and ammunition. Papperger highlighted the company's strategic focus on innovation and production capacity expansion to meet the surging demand, positioning Rheinmetall as a key player in Europe's defense sector.

Read the Full Fortune Article at:
[ https://fortune.com/europe/2025/04/17/rheinmetall-ceo-expects-order-book-balloon-amid-germany-military-boom/ ]


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