Rheinmetall CEO 'Very Unhappy' With Naval Contract Loss

Written by BloombergPublished Aug 7, 2026, 5:37 AM

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 comments in an interview with Bloomberg TV's Francine Lacqua on August 6.