|Bid||86.00 x 26700|
|Ask||86.04 x 4500|
|Day's Range||84.50 - 86.10|
|52 Week Range||61.08 - 93.80|
|Beta (5Y Monthly)||1.49|
|PE Ratio (TTM)||411.00|
|Earnings Date||Aug 05, 2021|
|Forward Dividend & Yield||2.00 (2.33%)|
|Ex-Dividend Date||May 12, 2021|
|1y Target Est||116.06|
Other companies are believed to have entered the competition to replace the ageing Bradley armoured fighting vehicles BAE originally built.
Britain’s fleet of Challenger II battle tanks will get a £750m upgrade overseen by German company Rheinmetall, The Telegraph understands. The industrial giant indicated a contract had been agreed with the Ministry of Defence as it updated the market on its financial performance on Thursday. About 150 of the British Army’s 227 Challenger tanks will get a new turret and gun capable of firing advanced types of ammunition, along with better targeting and computerised systems. The future of the armoured vehicles has been subject to intense speculation. Last summer a major row blew up after leaks to the media that the Army’s tanks could be axed in the forthcoming integrated defence review. The actual review, issued on Tuesday, signalled the Challenger would stay, but the fleet size would be reduced. Work to upgrade the tanks will be carried out by RBSL, a joint venture between Rheinmetall and BAE Systems, after the UK defence giant sold a 55pc stake in its land systems division to the German business for £30m two years ago . It is unclear how much of the upgrade will be carried out in the UK.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Rheinmetall AG and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.