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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

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
Stocks mentioned in the article
ChangeLast1st jan.
RAYTHEON -0.68% 193.38 Delayed Quote.2.94%
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Financials (€)
Sales 2018 6 468 M
EBIT 2018 455 M
Net income 2018 273 M
Debt 2018 230 M
Yield 2018 2,07%
P/E ratio 2018 15,33
P/E ratio 2019 13,57
EV / Sales 2018 0,69x
EV / Sales 2019 0,64x
Capitalization 4 254 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 120 €
Spread / Average Target 23%
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Managers
NameTitle
Armin Papperger Chief Executive Officer
Ulrich Grillo Chairman-Supervisory Board
Helmut P. Merch CFO, Head-Finance, Controlling & IT
Andreas Georgi Member-Supervisory Board
Rudolf Luz Vice Chairman-Supervisory Board
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