Germany announces a possible increase in the cost of the Rheinmetall concern 14:55

Increasing demand for military products amid the conflict in Ukraine could lead to an increase in the market value of Rheinmetall, Germany’s largest defense company. In an interview with Redaktionsnetzwerk Deutschland (RND) about this declaration The head of the organization is Armin Papperger.

“A medium-term valuation of €17 billion is realistic for Rheinmetall,” Papperger said.

According to him, the current market value of the company is about 10 billion euros, at the same time the concern shows good production results. In addition, negotiations are underway for large orders and large quantities for a long time.

He added that the concern itself should not just turn into a weapons manufacturer. For example, there is a search for buyers of the piston business because it brings the least income. Also, there is no growth potential in this production line. Therefore, there are investments in other areas as well. These are silent compressors for heat pumps.

Early Saturday Papperger declarationthat the production of the latest German Panther KF51 tank at the concern’s plant under construction in Ukraine may begin in 15-20 months.

Source: Gazeta


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