Armin Papperger, CEO of Rheinmetall, has indicated a potential shift towards mandatory military service in Germany if voluntary recruitment efforts prove insufficient. In interviews with RTL and ntv, Papperger stated his belief that a return to conscription could be implemented within two years if the current volunteer system does not meet its objectives.
Despite this outlook, Papperger commended the current approach of Defence Minister Boris Pistorius, which prioritizes voluntary service. Rheinmetall, a major employer in the sector, is experiencing significant growth, currently employing 40,000 people and projecting an expansion to approximately 70,000 within the next two to three years. Papperger estimates the broader security industry in Germany could support around 500,000 jobs.
Addressing the challenges posed by increasing order volumes, Papperger expressed confidence in Rheinmetall’s capacity to manage the demand. The company is currently undertaking over ten simultaneous expansion projects across Europe. Looking ahead to 2030, Papperger outlined ambitious financial goals for Rheinmetall, targeting revenues between 40 and 50 billion euros and a profit of nearly 10 billion euros.
On a personal note, Papperger conveyed his hope that the world will be a safer place by the time he concludes his tenure as CEO.
