Thursday, July 20, 2023

Russian war makes millions for German arms industry

German arms group Rheinmetall’s shares have jumped more than 150 per cent since Russia invaded Ukraine in February last year.

The Frankfurter Allgemeine Zeitung has calculated that the value of the shares of the chief executive of Rheinmetall, Armin Papperger had risen by €30 million since the start of the war. Papperger was paid €5 million in salary last year.

The Düsseldorf-based Rheinmetall makes the cannon for the Leopard 2, and Munich-based KMW makes the chassis.

The Leopard 2 fires rounds at supersonic speeds. 

The price tag on the tank is between  €13 and €15 million.

A Russian artillery strike on a Ukrainian vehicle column during a daytime assault on or near the town of Novopokrovka—60 kilometres south east of Zaporizhzhia city in southern Ukraine knocked out at least one Leopard 2 tank in June.

And then think of the loss of human life on both sides, people maimed for life. It is unthinkable, barbaric too.


No comments:

Featured Post

A quiet space offers staff a chance to relax and recharge

This week’s Mediahuis Irish regional newspapers’  column. Michael Commane A cousin of mine, who works here in Ireland for a multi national c...