Rheinmetall Cuts Full-Year Forecast for Second Time This Year Amid Boxer Delays
For the second time this year, German defence company Rheinmetall has issued a full-year profit warning due to delays in an armoured vehicle programme.
BusinessFor the second time this year, German defence company Rheinmetall has issued a full-year profit warning due to delays in an armoured vehicle programme.
BusinessGerman defense giant Rheinmetall is up almost 6 percent on the Frankfurt Stock Exchange after releasing preliminary second-quarter figures that were better than expected.
BusinessChina has imposed export restrictions on 14 European companies, including German defense group Rheinmetall.
BusinessGermany’s Rheinmetall plans to more than double gunpowder production at a factory in Aschau am Inn, outside Munich. The goal is to reach annual output of 4,200 tons over the next two years. Production of propellant charges for various types of ammunition will also rise to more than one million.
BusinessDonald Trump urges NATO countries to shoot down Russian aircraft that violate their airspace. After the statement, which was made on Tuesday, the defense companies' shares are soaring in Europe and Asia.
BusinessThe EU Commission proposes astronomical 9,000 billion kronor for defence investments in Europe. The proposal poses a number of challenges, notes Per Olsson, researcher in defence economics at FOI.
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