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Orban Comes Under Fire From German Investors Decrying Cronyism

(Bloomberg) German companies have long treated Hungary like their backyard. Carmakers Mercedes Benz AG and BMW AG and Volkswagen AG’s Audi continue to expand their footprint, driving the country’s exports, while weapons producer Rheinmetall AG is building a handful of new factories.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoTesla Clears Key China Assisted-Driving Hurdle With Baidu

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Rheinmetall's (ETR:RHM) Shareholders Will Receive A Bigger Dividend Than Last Year

Rheinmetall AG ( ETR:RHM ) has announced that it will be increasing its dividend from last year's comparable payment on.

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Defense Stock Wobble Raises Concern About Stretched Valuations

(Bloomberg) Shares in defense companies jumped after Russia’s attack on Ukraine. They did again after the Israel-Hamas conflict started. Now another surge driven by Europe’s mission to boost military spending is raising questions over whether they’ve gone too far, too fast.Most Read from BloombergUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsIran’s Better, Stealthier Drones Are Remaking Global WarfareBond Trader Places Record Futures Bet on Eve of Inflation DataTrumpism Is E

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Germany to supply Kiev with 20 more Marder infantry fighting vehicles

German armaments maker Rheinmetall is to deliver an additional 20 Marder (Marten) infantry fighting vehicles (IFVs) to Ukraine by the end of the year, the company announced in Dusseldorf on Tuesday. The consignment to the value of tens of millions of euros, funded by the German government, brings to 120 the number of Marders supplied to Ukraine by Rheinmetall since the Russian invasion. The tracked IFVs are being taken from stocks held by Rheinmetall and being modernized. "The version of the 1A3

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Rheinmetall bags €135 million contract from defence company KNDS

German automotive and arms maker Rheinmetall announced on Tuesday that it has received a contract order worth €135 million ($144 million) from KNDS Germany, a defence equipment maker. The contract is to supply core components for 22 self-propelled howitzers PzH 2000. Rheinmetall will deliver 22 weapon systems L52 of 155 mm calibre and just as many chassis for the PzH 2000 for the German Bundeswehr, or armed forces. Following final system integration and commissioning at Rheinmetall in Unterluess

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