He is considered to be down-to-earth and has already brought up the new KF51 Panther main battle tank: Rheinmetall boss Armin Papperger on unsuitable Pumas, long delivery times for the Leopard, the dispute over an EU main battle tank, the naivety of the Germans – and his stock market profits.
Mr Papperger, how much do you earn on a Leopard 2 main battle tank?
Our goal is a profit margin of at least 10 percent before taxes.
I always thought: You earn much, much more with guns. Isn’t war such good business?
I know a high-tech company like ours could ask for more, but we want satisfied customers and long-term good relationships with the countries to which we sell arms. We work for national and European security – and that includes fair prices.
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Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.