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

Rheinmetall AG recorded an operating margin of 11.1% after nine months, down from 11.3% in the same period last year, as it prepares for significantly delayed major orders, including dozens of satellites and tens of thousands of vehicles, its chief executive said.

In an interview with Bloomberg Television 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.