Rheinmetall AG (0NI1.IL)
- Reuters
Rheinmetall suggests European arms consortium with eye on global role
DUESSELDORF (Reuters) -Rheinmetall floated the idea of a European arms consortium to better compete with U.S. rivals as the German defence group set out its global ambitions in a booming industry. The company, a major beneficiary of rising defence spending since Russia's full-scale invasion of Ukraine in 2022, is forecasting record revenue of more than 10 billion euros ($11 billion) this year and its order book to reach 60 billion euros. "We want to become a worldwide player and we can currently do that on our own thanks to our good cash flow," CEO Armin Papperger told a gathering of the WPV business reporters association in Duesseldorf late on Thursday.
- Barrons.com
European Defense Stocks Mixed After Israel Attack on Iran
Stocks in European defense companies had a mixed reaction after reports that Israel had launched a retaliatory strike on Iran. The Wall Street Journal said the strike targeted the area around Isfahan in central Iran, according to people familiar with the matter. European defense stocks have largely been a winning trade this year, with Rheinmetall gaining 74% so far in 2024 and Leonardo gaining 48%.
- Simply Wall St.
Rheinmetall's (ETR:RHM) Shareholders Will Receive A Bigger Dividend Than Last Year
Rheinmetall AG ( ETR:RHM ) has announced that it will be increasing its dividend from last year's comparable payment on...
