Rheinmetall Stock Rises After €1 Billion Bundeswehr Deal, But Investors Still Want Delivery
Rheinmetall shares jumped Monday after the German defence contractor landed a €1.04 billion contract from the Bundeswehr to supply additional IdZ-ES digital infantry systems. The news provided some relief for the stock, which had been battered along with other European defence names last week. Tradegate put the shares at €1,346.80, up 2.09%. Still, they’re off 13.75% so far this year.
