That’s how she does it defense industry the federal government in view of the lack of orders from the 100 billion euro special fund for the armed forces Print.
“To date, the number of orders received by German industry from the special fund has been negligible,” Susanne Wiegand, head of armored transmission manufacturer Renk, told the “Augsburger Allgemeine” (Saturday). “At some point I ask myself: Germany, what still has to happen?” The industry needs planning security, said Wiegand, who is also chairwoman of the Committee for Safety in the Federation of German Industries (BDI).
For Rheinmetall, it was enough for a record high with a price increase to 235.70 euros. At EUR 27.40, HENSOLDT tried to break out of their most recent trading range of a good EUR 26.00 to around EUR 27.30.
Analyst David Perry from the US bank JPMorgan made a positive statement on Friday. The aviation and defense sector is likely to come up with strong fundamentals overall, the expert wrote with a view to the companies’ reporting season. With a price target of EUR 265, Perry sees a little more room for improvement for Rheinmetall than for HENSOLDT with a target of EUR 29. He classifies both values as “Overweight”.
The Rheinmetall share climbed in XETRA trading by 1.55 percent to 235.30 euros, while the HENSOLDT share rose 1.66 percent to 27.50 euros.
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