Rheinmetall AG (RHMG.DE)
* Automotive arm of the Düsseldorf-based Rheinmetall group has won a contract with a lifetime volume of over 90 million euros ($96.44 million) for a new generation of divert-air valves
* Says will hold 74.9 percent of joint venture with Rohde & Schwarz
* Says sees 2017 operating margin at prior year level of 6.3 percent
* Series production of the valves is scheduled to start in 2019, with the contract set to run for about five years
FRANKFURT, March 1 German defence and automotive group Rheinmetall reported a better-than-expected 23 percent year-on-year jump in 2016 operating profit on Wednesday, driven by its defence unit.
FRANKFURT German and U.S. defence groups Rheinmetall and Raytheon have signed a memorandum of understanding to cooperate globally on defence technology, they said in a joint statement on Friday.
* To cooperate globally on defence technology (Adds details on strategy, military spending)
FRANKFURT, Feb 17 German and U.S. defence groups Rheinmetall and Raytheon have signed a memorandum of understanding to cooperate globally on defence technology, they said in a joint statement on Friday.
* says wins contract worth more than 135 million eur from U.S. for gasoline engine pistons Further company coverage:
FRANKFURT, Feb 14 The DAX top-30 index looked set to open 0.1 percent lower on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0711 GMT.