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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 CET
A sign marks the Raytheon offices in Woburn

FRANKFURT (Reuters) - 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.

FRANKFURT (Reuters) - 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 5 942 M
EBIT 2017 381 M
Net income 2017 221 M
Debt 2017 413 M
Yield 2017 1,51%
P/E ratio 2017 21,50
P/E ratio 2018 16,57
EV / Sales 2017 0,87x
EV / Sales 2018 0,80x
Capitalization 4 774 M
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Average target price 114 €
Spread / Average Target 4,0%
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Armin Papperger Chief Executive Officer
Ulrich Grillo Chairman-Supervisory Board
Andreas Georgi Member-Supervisory Board
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