Rheinmetall shares well up: Another 100 wheeled tanks for the British army – battle tanks are to be delivered to Ukraine

Great Britain has now pulled a corresponding option from a supply contract from 2019, as Rheinmetall announced in Düsseldorf. The vehicles now on order will be produced in both the UK and Germany.

Rheinmetall wants to deliver Leopard 1 main battle tank to Ukraine

The armaments group Rheinmetall is preparing to deliver main battle tanks to Ukraine. According to the Handelsblatt CEO Armin Papperger, this is the Leopard 1, the predecessor of the Leopard 2 currently used in the German armed forces. “The first Leopard 1 could be delivered in six weeks,” said Papperger, according to the Handelsblatt. The prerequisite for this is the approval of the federal government.

According to Papperger, Rheinmetall could supply up to 50 Leopard 1 to the armed forces of Ukraine. These are old stocks from other armies that often return used equipment to the suppliers. The condition of the vehicles is currently being checked, Papperger told the newspaper. The delivery can be made via the subsidiary Rheinmetall Italia and take place over a period of up to three months.

According to Papperger, Ukrainian soldiers can be trained to operate the Leopard 1 in just a few days. The prerequisite for this is that they are trained military personnel, he said. The CEO contradicted statements according to which training on western tanks for use in Ukraine would take too long.

This is how the Rheinmetall share reacts

Rheinmetall shares returned to their record high in trading on Monday. They recently gained 6.31 percent to EUR 206.50 via XETRA as the best value in the MDAX. After reaching a record of almost 210 euros in the middle of last week, they then lost some of their momentum. As a German armaments group, Rheinmetall is one of the main beneficiaries of the billions in investments in the Bundeswehr announced by the federal government.

The main driver was the message that Great Britain is ordering 100 more Boxer wheeled armored vehicles.

In the morning, as a course support, a dealer initially pointed out that the Ukraine intends to buy 35 Marder tanks from the Düsseldorf company.

FRANKFURT (Dow Jones) / (dpa-AFX)

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