
As Germany’s defence stocks go ballistic, armsmakers are tooling up
“Defence is now by far the most dynamic sector of German industry,” says Armin Papperger, chief executive of Rheinmetall, Germany’s biggest arms producer. Until recently no one, including Mr Papperger, the firm’s boss for the past 12 years, would have believed it. But as European countries prepare for a big boost to defence spending, Rheinmetall…