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Rheinmetall Confirms 2021 Guidance
Rheinmetall Q1 Sales At EUR 1.405 Billion
Rheinmetall And Northrop Grumman Agree On Strategic Partnership
Rheinmetall AG is a Germany-based company that specializes in security and mobility solutions. It operates through two segments: Defence and Automotive. The Defence segment is divided into three divisions: Vehicle Systems, which manufactures wheeled tactical vehicles and armored tracked vehicles, nuclear, biological, chemical (NBC) protection and turret systems; Weapon and Ammunition, which includes large and medium caliber weapons and ammunition, weapon stations, charge systems and propellant powders, and Electronic Solutions, which develops air defense, command, control and reconnaissance systems, sensors and simulation systems, among others. The Automotive segment also has three divisions: Mechatronics, which develops actuators, solenoid valves, systems for cutting emissions, as well as water, oil and vacuum pumps; Hardparts, which manufactures pistons, engine blocks, cylinder heads, plain bearings and bushes, and Aftermarket, which comprises the global replacement parts business.
Auto & Truck Parts
Rheinmetall Platz 1
Independent Chairman of the Supervisory Board
Chairman of the Executive Board, Chief Executive Officer
Helmut P. Merch
Chief Financial Officer, Member of the Executive Board
Chief Compliance Officer
Peter Sebastian Krause
Director of Human Resources, Member of the Executive Board, Director of Industrial Relations
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Hungary's government has signed an agreement worth over 2 billion euros ($2.36 billion) with German defence company Rheinmetall AG to buy 218 Lynx KF41 combat vehicles, it said in a statement on Wednesday.
The Hungarian government and German defence company Rheinmetall AG have agreed to set up a joint venture to produce Lynx armored fighting vehicles in Hungary, the government said in a statement published by the state news agency MTI on Monday.
Rheinmetall <RHMG.DE> said on Friday it expected significantly lower sales and profits this year due to the coronavirus pandemic but the German military equipment and auto parts group upheld its outlook for its defence division.
Defence contractor Rheinmetall said on Thursday that it would supply up to 6 million protective masks to Germany, responding to a call for more protective equipment for health workers on the coronavirus front line.
* RHEINMETALL CEO SAYS AUTOMOTIVE SECTOR STILL OPERATING WITH NO DISRUPTION DESPITE CORONAVIRUS
* TO SUPPLY THE SWISS ARMY WITH VARIORAY LLM LASER LIGHT MODULES
German defence and automotive parts group Rheinmetall reported record sales and operating profit on Monday, driven by its military division whose products include armoured fighting vehicles.
A German court on Tuesday annulled a de facto export ban that had prevented arms manufacturer Rheinmetall from exporting armored vehicles to Saudi Arabia, saying German authorities had not followed correct procedures.
German defence group Rheinmetall has rejoined the auction for Volkswagen's transmissions maker Renk, as a mid-December deadline for the process approaches, people close to the matter said.
German defence and automotive parts supplier Rheinmetall lowered its 2019 sales guidance on Thursday, citing the downturn in global car production.
The Czech Republic has received preliminary bids from BAE Systems, General Dynamics European Land Systems and Rheinmetall Landsysteme for its planned purchase of 210 infantry fighting vehicles, the Defense Ministry said on Tuesday.
German auto and defense supplier Rheinmetall and engineering group Voith are vying for transmissions maker Renk, which Volkswagen <VOWG_p.DE> has put up for sale to free up funds for investment in electric vehicles, people close to the matter said.
German auto and defence supplier Rheinmetall and engineering group Voith are vying for transmissions maker Renk, which Volkswagen has put up for sale to free up funds for investment in electric vehicles, people close to the matter said.
Germany's Rheinmetall on Thursday confirmed its outlook after a 15 percent rise in first-quarter operating profit on higher defence sales, boosting its shares.
Germany's Rheinmetall on Thursday confirmed its outlook as it reported a 6.6 percent revenue increase in the first quarter, mainly driven by its booming Defence unit.
Rheinmetall is ready to ship 120 military trucks to Saudi Arabia as soon as Berlin decides on an export licence the German firm said on Wednesday as it reported a 40 percent rise in full-year profit driven by growth in its defence business.
German automotive and defence company Rheinmetall increased its full-year net profit by 40 percent and hiked the dividend by one fourth, the company said on Wednesday, adding that it targeted further revenue growth boosted by its defence business in 2019.
Shares in Rheinmetall climbed on Friday after the German defence contractor and automotive parts maker reported forecast-beating operating profit and said orders at its defence division almost doubled.
Shares in Rheinmetall climbed after the German automotive parts maker reported a 23 percent rise in full-year operating profit and a record order backlog at its defence division.
German defence contractor and automotive parts maker Rheinmetall said it had been told by shareholder The Capital Group, which upped its stake in the group to 15.4 percent earlier this month, that the investor would play a passive role.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.