Published by Global Banking & Finance Review®
Posted on April 16, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleRheinmetall's CEO predicts up to $341 billion in orders by 2030, driven by increased European defense spending and potential collaboration with Volkswagen.
FRANKFURT (Reuters) - Rheinmetall could boost its order book to up to 300 billion euros ($341 billion) by the end of the decade, its CEO said, boosted by Europe's efforts to ramp up defence spending and create credible deterrence against Russia.
Armin Papperger also told German business daily Handelsblatt that he was in touch with Volkswagen over its Osnabrueck plant, which could be repurposed to make defence equipment, but cautioned an agreement should not be expected soon.
($1 = 0.8789 euros)
(Reporting by Christoph Steitz)
The article discusses Rheinmetall's potential to secure up to $341 billion in orders by 2030, influenced by European defense spending.
Rheinmetall's CEO is in talks with Volkswagen to potentially repurpose its Osnabrueck plant for defense equipment production.
Increased European defense spending is expected to significantly boost Rheinmetall's order book by the end of the decade.
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