Rheinmetall AG (OTCPK:RNMBF) Q3 2024 Results Conference Call November 7, 2024 8:00 AM ET Company Participants Armin Papperger - Chief Executive Officer Dagmar Steinert - Chief Financial Officer Conference Call Participants Sven Weier - UBS Christoph Laskawi - Deutsche Bank George McWhirter - Berenberg Dario Dickmann - HSBC Marie-Ange Riggio - Morgan Stanley David Perry - JPMorgan Sebastian Growe - BNP Pariba Victor Allard - Goldman Sachs Armin Papperger So ladies and gentlemen, without introduction, I immediately start. Thanks for your kind introduction, and a warm welcome to all participants of Q3 conference call.
German arms manufacturer Rheinmetall , one of the main beneficiaries of a boost in European defence spending on the back of the Ukraine war, narrowed its full-year operating margin guidance after record-high sales in the third quarter.
Rheinmetall extended the contract of Chief Executive Armin Papperger for another five years on Wednesday as part of a reshuffle to better respond to high demand facing the German defence company following Russia's invasion of Ukraine.
German arms maker Rheinmetall and Croatian robotics specialist DOK-ING said on Monday they will join forces to develop unmanned vehicles that could escort tanks on the battlefield and assume tasks such as mine clearance, air defence or reconnaissance.
German shipbuilder Luerssen has expressed interest in bidding for the warship division of stricken conglomerate Thyssenkrupp , the Handelsblatt newspaper reported Wednesday, adding that talks were also being held with Rheinmetall.
Italy's Leonardo and Germany's Rheinmetall have finalised a joint venture for the development and manufacturing of military combat vehicles, in what is seen as the first step in the consolidation of the European sector.
Italian defence group Leonardo will finalise a joint venture with Germany's Rheinmetall on Tuesday, its Chief Executive Roberto Cingolani said on Monday.