Germany's Defense Minister Wants €50 Billion Fund, Rheinmetall CEO Says
German defense minister Boris Pistorius wants to earmark at least €50 billion ($56.5 billion) for special investments on top of a base annual military budget, Rheinmetall AG Chief Executive Officer Armin Papperger said.
Papperger, who was speaking Thursday during an earnings call, said Pistorius had outlined the plans to him in a recent conversation. The CEO didn't provide additional details, and the German defense ministry declined to comment on Papperger's remarks.
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