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Rheinmetall CEO: France May Cut Budget for Joint Tank Project MGCS
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Rheinmetall CEO: France May Cut Budget for Joint Tank Project MGCS

Rheinmetall CEO Armin Papperger fears France may drastically cut its budget for the joint Franco-German Main Ground Combat System (MGCS) tank project, potentially delaying or canceling it. He cited potential budget cuts to less than half of planned figures and slow progress, with only €25 million received over nine years. Papperger also noted significant hurdles to consolidating the fragmented European defense market due to national interests and government interference with state-owned enterprises.

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Spiegel Wirtschaft