Rheinmetall Must Deliver 40,000 Vehicles in Europe, CEO Says

Rheinmetall must deliver 40,000 military vehicles to Europe alone as the continent is besieged against an increasingly aggressive Russia, CEO Armin Papperger said after the company’s earnings call on Thursday. He said the company must improve production automation to achieve these goals and achieve 25% to 30% of European NATO budgets. Rheinmetall will also start building satellites with the first 40 satellites under contract by the end of the year, he said. Papperger speaks with Anna Edwards, Guy Johnson and Kriti Gupta on “Bloomberg; Opening Trade.”