in

Armin Papperger’s vaulting ambitions for Rheinmetall

“In future, we will be a relevant player on land, at sea, in the air and in space,” proclaimed Armin Papperger (pictured). Rheinmetall’s chief executive had already led the maker of tanks and ammunition on forays into satellites, drones and parts for fighter jets. Last month Germany’s biggest defence firm said it was adding the four shipyards of Naval Vessels Lürssen (NVL), based in Bremen, for a sum estimated at €1.5bn-2bn ($1.8bn-2.4bn).

Does big pharma gouge Americans?

With S&P 500 near record highs, it’s time to reconsider the set-it-and-forget-it strategy, some experts say