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4-Traders Homepage  >  Equities  >  Xetra  >  Rheinmetall    RHM   DE0007030009

RHEINMETALL (RHM)
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Rheinmetall : Raytheon to cooperate in defence technology

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02/17/2017 | 04:25pm CEST
A sign marks the Raytheon offices in Woburn

German and U.S. defence groups Rheinmetall (>> Rheinmetall AG) and Raytheon (>> Raytheon Company) have signed a memorandum of understanding to cooperate globally on defence technology, they said in a joint statement on Friday.

German and U.S. defence groups Rheinmetall (>> Rheinmetall AG) and Raytheon (>> Raytheon Company) have signed a memorandum of understanding to cooperate globally on defence technology, they said in a joint statement on Friday.

The partnership should bring together Raytheon's market-leading position in air-defence systems and guided missiles with Rheinmetall's expertise in combat and defence systems, army weapons and munitions, they said.

Raytheon is looking to expand in Europe, with missile bids in Poland and Germany, and wants to take part in an anticipated buildup of spending by NATO.

U.S. President Donald Trump has warned NATO allies they must honour military spending pledges to ensure the United States does not "moderate" support for the alliance.

(Reporting by Georgina Prodhan; Additional reporting by Andrea Shalal in Munich; Editing by Maria Sheahan)

Stocks treated in this article : Raytheon Company, Rheinmetall AG
Stocks treated in this article : Raytheon Company, Rheinmetall AG
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Financials (€)
Sales 2017 5 939 M
EBIT 2017 390 M
Net income 2017 231 M
Debt 2017 404 M
Yield 2017 1,89%
P/E ratio 2017 16,26
P/E ratio 2018 13,66
EV / Sales 2017 0,72x
EV / Sales 2018 0,65x
Capitalization 3 847 M
Chart RHEINMETALL
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Rheinmetall Technical Analysis Chart | RHM | DE0007030009 | 4-Traders
Technical analysis trends RHEINMETALL
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 91,2 €
Spread / Average Target 3,3%
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Managers
NameTitle
Armin Papperger Chief Executive Officer
Ulrich Grillo Chairman-Supervisory Board
Olaf Hedden Chief Financial Officer & Member-Executive board
Andreas Georgi Member-Supervisory Board
Rudolf Luz Vice Chairman-Supervisory Board
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