Headlines
Rheinmetall CEO sees rapid increase in NATO countries' spending
Published by Global Banking & Finance Review®
Posted on May 8, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 8, 2025
1 min readLast updated: January 24, 2026
Rheinmetall's CEO predicts a rapid rise in NATO defence spending following a proposal for members to allocate 3.5% of GDP to defence.
DUESSELDORF, Germany (Reuters) -The CEO of German arms maker Rheinmetall expects a rapid increase in NATO defence spending, he said on Thursday, after meeting with the head of the alliance.
During the meeting last week, NATO chief Mark Rutte told him that member nations should increase their defence spending to 3.5% of their respective economic output, Armin Papperger said in an analysts' call.
Rutte has proposed that alliance members boost defence spending to 3.5% of GDP and commit a further 1.5% to broader security-related spending to meet U.S. President Donald Trump's demand for a 5% target, people familiar with the proposal told Reuters last week.
(Reporting by Matthias Inverardi, writing by Thomas Seythal; editing by Matthias Williams)
The article discusses the expected increase in NATO defence spending as predicted by the Rheinmetall CEO.
NATO chief Mark Rutte proposed that member nations increase their defence spending to 3.5% of GDP.
U.S. President Donald Trump demands a 5% target for NATO defence spending.
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