Rheinmetall
Cancellation of frigate project F126 burdens Rheinmetall outlook
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The German government has ended the F126 frigate project. This affects the defense company Rheinmetall's forecast for the second quarter.
Defense firm Rheinmetall has announced a partnership with Boeing Australia to develop the long-range MQ-28 Ghost Bat combat drone for the Bundeswehr. The Düsseldorf-based company aims to offer it for the planned procurement of a Collaborative Combat Aircraft by 2029. The multi-billion euro contract stems from a secret Bundeswehr tender.
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Ukrainian President Volodymyr Zelenskyy sarcastically responded to remarks by Rheinmetall CEO Armin Papperger on Ukrainian drone production. In an interview with The Atlantic, Papperger likened the technology to playing with Lego blocks by housewives using kitchen 3D printers. Zelenskyy retorted that any Ukrainian housewife could then be Rheinmetall's CEO.