Advertisement
UK markets open in 7 hours 58 minutes
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     
  • CRUDE OIL

    83.44
    +0.08 (+0.10%)
     
  • GOLD FUTURES

    2,336.00
    -6.10 (-0.26%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • Bitcoin GBP

    53,305.18
    -546.19 (-1.01%)
     
  • CMC Crypto 200

    1,429.94
    +15.18 (+1.07%)
     
  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     
  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     

Rheinmetall expects further success in Australia after $2.5 bln order

DUESSELDORF, Germany, March 15 (Reuters) - Germany's Rheinmetall (IOB: 0NI1.IL - news) said on Thursday it expects success in Australia with different vehicle types after beating BAE Systems (LSE: BA.L - news) to a $2.5 billion order for armoured reconnaissance vehicles.

The company, which earlier forecast a rise in sales and earnings this year, also said defence demand in Germany was a growth driver as were defence policy in the European Union and digitalisation.

Speaking at a news conference, CEO Armin Papperger also said he could not yet assess whether or when it would be possible to resume sales to Turkey, which have been banned by the German government following a political row. (Reporting by Anneli Palmen; writing by Douglas Busvine; editing by Jason Neely)