FRANKFURT (Reuters) – Rheinmetall 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 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)
(Reporting by Christoph Steitz)
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