The boss of Rheinmetall said the cost of tanks, armoured vehicles and artillery was set to fall in the coming years despite a surge in defence spending by European governments.
Responding to fears that ballooning European defence budgets would lead to price inflation and poor value for taxpayers, chief executive Armin Papperger told the Financial Times that the cost of its armoured vehicles and artillery systems “will go down and not up”.
The head of Germany’s largest weapons maker said economies of scale and greater use of automation “should be good for the company but it should be also good for the customers”.
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