Armament: sharp decline, sales warning, delivery problems - how Armin Papperger is reaching his limits at Rheinmetall
Cracks in Düsseldorf's armaments miracle: Rheinmetall's growth story is getting scratches. The focus of the criticism is CEO Armin Papperger. Has he overestimated himself?
Rheinmetall CEO Armin Papperger has tight security, 24/7, 365 days a year, after Russian assassination plots against him were uncovered in 2024. He leads the largest German arms company, which has seen its stock rise over 1000% since 2021 and has a market capitalization of nearly 51 billion euros. Papperger has positioned Rheinmetall as a key supplier to the German military and European NATO allies, and the company expects its revenue to reach 50 billion euros by 2030.
However, despite the company's impressive growth, insiders warn of problems with its structures and processes, and recent setbacks, including a cut in its annual revenue forecast and delays in some major tank orders.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
