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Rheinmetall CEO 'Very Unhappy' With Naval Contract Loss

Bloomberg Markets Friday 07 August 2026, 05:31 UTC 1 min read
Key Points

Aug 7th, 2026 Rheinmetall CEO 'Very Unhappy' With Naval Contract Loss 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.

Aug 7th, 2026 Rheinmetall CEO 'Very Unhappy' With Naval Contract Loss 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.
Armin Papperger (PERSON) Germany (LOCATION) Bloomberg TV (ORG) Francine Lacqua (PERSON)
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