Rheinmetall CEO 'Very Unhappy' With Naval Contract Loss

Rheinmetall CEO Armin Papperger says he is “very unhappy” after Germany withdrew a €10 billion naval contract, saying it wasn’t a “responsible use of budgetary funds," a decision that forced the defense company to cut its outlook. Papperger made the comments in an interview with Bloomberg TV’s Francine Lacqua on August 6. (Source: Bloomberg)