Rheinmetall CEO 'Very Unhappy' With Naval Contract Loss

▶ Bloomberg Markets Aug 7, 2026 2h ago 👁 2 views

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Rheinmetall CEO Armin Papperger says he is “very unhappy” after Germany withdrew a €10 billion naval contract, saying it wasn’t a “responsible use of budgetary funds," a decision that forced the defense company to cut its outlook. Papperger made the… Rheinmetall CEO Armin Papperger says he is “very unhappy” after Germany withdrew a €10 billion naval contract, saying it wasn’t a “responsible use of budgetary funds," a decision that forced the defense company to cut its outlook. Papperger made the…

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