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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rheinmetall AG | TG:RHM | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.40 | -0.66% | 511.40 | 511.00 | 511.80 | 523.80 | 511.00 | 515.40 | 44,031 | 22:50:02 |
From May 2019 to May 2024
By Olivia Bugault
Rheinmetall AG said Monday that its South African subsidiary has signed a ten-year partnership with U.S. aerospace-and-defense technology company Northrop Grumman Corp. on precision-guided extended-range artillery ammunition.
Under the deal signed in February, Rheinmetall Denel Munition and Northrop Grumman plan to develop and supply "forward-looking ammunition technology" to the market internationally, the U.S. included, the German defense-and-automotive group said.
"The partnership will focus, above all, on achieving an enhanced range 155mm artillery round fitted with an integrated M1156 precision guidance kit (PGK), as well as on developing a new 155mm projectile with an improved integrated propulsion system," the company said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
April 19, 2021 05:57 ET (09:57 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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