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

After the company’s earnings statement on Thursday, CEO Armin Papperger said Rheinmetall must deliver 40,000 military vehicles in Europe alone as the continent girds against an increasingly aggressive Russia. He said the company needed to improve production automation to be able to meet these targets and capture 25% to 30% of European NATO budgets. Rheinmetall will also begin building satellites, he said, with the first 40 under contract by the end of the year. Papperger speaks to Anna Edwards, Guy Johnson and Kriti Gupta on "Bloomberg; The Opening Trade." (Source: Bloomberg)