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Arming Europe, a necessity? Larger military companies are urgently needed

2024-04-02 13:08:37Kosova&Bota SHKRUAR NGA REDAKSIA VOX

Arming Europe, a necessity? Larger military companies are urgently needed

Armin Paperger, CEO of Rheinmetall – a leading international supplier of systems to the defense industry and a driver of forward-looking innovations in civilian markets, has called on European countries to build larger and more specialized defense companies to compete with rivals Americans.

He emphasized that if Europe wants closer cooperation in the field of defense, countries must specialize in different types of military technology.

In an interview with the Financial Times, he said that if Donald Trump becomes president of the USA, "the pressure will be greater" on Germany, but the race to restore the country's military power will continue regardless of who ends up at the White House. He added that the US focuses more on the Asia-Pacific region than on Europe.

If the very dangerous situation in the region were to cause a full-scale armed conflict, the US will focus on Asia and then Europe will be completely alone.

As he stated, in recent decades, European leaders took it for granted that the US would come to the continent's aid in the event of a military threat, but this will not happen.

Paperger said the German company will produce 700,000 shells next year, compared with 70,000 in 2022, thanks to investments in new production lines before the war returned to Europe.

He emphasized that the world is dangerous. This is the reason for early investment in Hungary, Australia and Great Britain. Localization and increased production capacity in many countries were important for future orders.

The Dusseldorf-based company founded in 1889 did business with Russia until the German government withdrew its export license in 2014 after the Kremlin annexed the Crimean peninsula. Since the launch of Russia's military aggression against Ukraine on February 24, 2022, Rheinmetall's share price has more than quintupled, and the company expects to have 60 billion euros in orders from NATO members and its allies by the end of 2024. .


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