Germany's Leopard tank move puts spotlight on its maker: Rheinmetall

FILE PHOTO: Members of the military walk on a tank, as Germany delivers its first Leopard tanks to Slovakia as part of a deal after Slovakia donated fighting vehicles to Ukraine, in Bratislava, Slovakia, December 19, 2022. REUTERS/Radovan Stoklasa/File Photo

FRANKFURT (Reuters) - Armin Papperger is on a roll.

On Tuesday, the chief executive of Germany defence champion Rheinmetall nudged up the group's mid-term sales outlook in anticipation of a windfall from higher defence spending due to the war in Ukraine.