|Bid||255.10 x 26700|
|Ask||255.20 x 4500|
|Day's range||254.10 - 258.20|
|52-week range||140.45 - 262.20|
|Beta (5Y monthly)||0.85|
|PE ratio (TTM)||28.92|
|Earnings date||04 May 2023|
|Forward dividend & yield||4.30 (1.81%)|
|Ex-dividend date||10 May 2023|
|1y target est||279.40|
BERLIN (Reuters) -Rheinmetall expects a strong 2023 after the German defence contractor reported its highest-ever operating result for last year due to the Ukraine war and increased defence spending in Europe. Rheinmetall said the changes in defence policy had put the group in a promising position in terms of an increase in defence capability, with security-related products in Germany and partner countries. "The war in Europe has also ushered in a new era for Rheinmetall," Chief Executive Armin Papperger said on Thursday.
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The production of the first 100,000 units of the three-cylinder engines, to be delivered to an original equipment manufacturer from the United States, would take place in Germany, then be shipped in Uzbekistan, the company said. "Once the phase of providing initial support is complete, serial production of the engine blocks will start in Uzbekistan" it added. The order is worth a figure in the lower two-digit million euros, Rheinmetall said.