‘Ukrainian housewives' and Skyranger delays – German defense poster child Rheinmetall is in hot water [Yahoo! Finance]
RHEINMETALL AG UNSP/ADR (RNMBY)
NASDAQ:AMEX Investor Relations:
rheinmetall.com/en/rheinmetall_ag/corporate_social_responsibility/stakeholder_2/investoren_2/index.php
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Source: Yahoo! Finance
criticism after dismissing Ukraine's drone industry as the work of “housewives” with “3D printers in their kitchens” - comments his own company quickly walked back. Now, German media report the Bundeswehr's flagship Rheinmetall counter-drone system is running at least 16 months behind schedule, adding further troubles for the defense giant. Armin Papperger made the remarks on Ukraine in an interview with The Atlantic, published March 27, conducted at Rheinmetall's Unterlüß factory. Discussing Ukrainian drone manufacturers - including companies such as Fire Point and Skyfall, named by the interviewer - Papperger said the producers were “Ukrainian housewives” and described the work as “playing with Lego.” “This is not the technology of Lockheed Martin, General Dynamics or Rheinmetall,” he said. The backlash was swift and came from multiple directions. Within 48 hours, Rheinmetall's own corporate communications published a statement saying the company “deeply respects the enormous
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News
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- Ukrainians chide German defense boss for jibes about 'Lego' drones made by 'housewives' [Yahoo! Finance Canada]Yahoo! Finance Canada
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