|Day's Range||88.47 - 88.47|
|52 Week Range||70.45 - 89.39|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
German military spending is rising more than at any time since the Cold War. Most of the orders for new equipment and upgrades of existing kit are going to the country’s biggest arms manufacturers.
German defence and automotive group Rheinmetall said on Monday it had booked a $6.5 million U.S. Air Force contract to supply ammunition for the F-35 multi-role fighter, adding that further orders were likely to follow. * The contract comprises the supply of several ten thousand rounds in four lots, with delivery starting in December 2017, Rheinmetall said in a statement. * The ammunition is Rheinmetall's new 25mm x 137 Frangible Armour Piercing (FAP), which it developed for, and in cooperation with, NATO air forces flying the F-35.
The German military plans to beef up security for a U.N. peacekeeping mission in Mali by deploying a number of tethered aerostats - small airships with threat-tracking sensors - like those used by the U.S. military in Afghanistan, a spokeswoman for the armed forces said. U.S. officials said they had provided information to the German Bundeswehr about a range of options, including the possibility of buying used aerostats built by Lockheed Martin Corp for the U.S. Army.