The German Rheinmetall defense concern is negotiating the construction of a tank factory in Ukraine. The company’s CEO, Armin Papperger reported about this, Spiegel reports. According to him, the enterprise would be able to produce hundreds of main battle tanks per year.
“The Rheinmetall plant in Ukraine can be built for about € 200 million,” Papperger said.
He added that the plant could produce up to 400 Panther KF51 tanks annually.
According to him, the negotiations with the Ukrainian government are “very promising”. Papperger hopes for a decision “within the next two months”. The CEO of Rheinmetall is convinced that the plant can be protected from Russian air attacks.
“Protection by air defence forces will not be difficult,” he said.
Papperger believes that Ukraine needs 600 to 800 tanks to win.
According to him, the negotiations with the Ukrainian government are “very promising”. Papperger hopes for a decision “within the next two months”. The CEO of Rheinmetall is convinced that the plant can be protected from Russian air attacks.
“Protection by air defence forces will not be difficult,” he said.
Papperger believes that Ukraine needs 600 to 800 tanks to win. (Source)
Rheinmetall bumped up to Germany’s DAX index on increased defence spending
BERLIN, March 3 (Reuters) – Defence contractor Rheinmetall will join Germany’s DAX index this month, Deutsche Boerse said on Friday, with increased defence spending due to the war in Ukraine bumping it up into the club of blue-chip companies.
As part of the DAX revision, which will take effect on March 20, crisis-ridden dialysis group Fresenius Medical Care will leave the index, stock exchange operator Deutsche Boerse said in a statement.
Rheinmetall had already been a candidate for the index of 40 companies in February but was beaten out by Commerzbank . (Source)