Rheinmetall shares a little weaker after the trade: Another cyber attack

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The armaments and technology group Rheinmetall was again the target of a cyber attack on Friday. A spokesman for the central and contact point for cybercrime (ZAC NRW) at the Cologne public prosecutor’s office confirmed that he had knowledge of an incident. “We have started investigations,” said prosecutor Christoph Hebbecker of the dpa. The spokesman could not comment on the severity of the attack.

Rheinmetall spokesman Oliver Hoffmann confirmed in the evening an attack on the group’s civilian business. “The civilian business essentially includes the company’s activities, which primarily address industrial customers – mainly in the automotive sector. The disruption therefore does not affect the military business of the three divisions Vehicle Systems, Weapon and Ammunition and Electronic Solutions,” said the Spokesman for the dpa. Operations continue to run reliably here.

The DAX group is currently determining the extent of the damage and is in close contact with the responsible authorities. “In view of the ongoing investigations, no position can be taken on the details at this time,” said Hoffmann.

Investors took the news calmly, the Rheinmetall share price on the Tradegate trading platform fell by only half a percent on Friday evening.

Several media had previously reported on the attack on Rheinmetall and some subsidiaries. The company had already been the target of a cyber attack at the beginning of March, but according to its own statements it survived this largely unscathed. Only the group website operated by an external service provider was temporarily unavailable.

Rheinmetall is Germany’s largest armaments group and was included in the Dax in March. According to its own statements, the company is one of the three largest manufacturers of military vehicles and ammunition in the western world. Rheinmetall currently has a stock market value of over 10 billion euros.

/lic/DP/he

DUSSELDORF (dpa-AFX)

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