Rheinmetall, Raytheon to cooperate in defence technology

RELATED QUOTES

SymbolPriceChange
RTN153.48+0.19

FRANKFURT (Reuters) - German and U.S. defence groups Rheinmetall (RHMG.DE) and Raytheon (RTN.N) have signed a memorandum of understanding to cooperate globally on defence technology, they said in a joint statement on Friday.

The partnership should bring together Raytheon's market-leading position in air-defence systems and guided missiles with Rheinmetall's expertise in combat and defence systems, army weapons and munitions, they said.

Raytheon is looking to expand in Europe, with missile bids in Poland and Germany, and wants to take part in an anticipated buildup of spending by NATO.

U.S. President Donald Trump has warned NATO allies they must honour military spending pledges to ensure the United States does not "moderate" support for the alliance.

(Reporting by Georgina Prodhan; Additional reporting by Andrea Shalal in Munich; Editing by Maria Sheahan)

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...

Explore Related Contents

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.225-0.045-16.67%
    N21.SI
    0.135+0.004+3.05%
    41F.SI
    0.191-0.007-3.54%
    40F.SI
    0.180.00-2.70%
    40E.SI
    0.1060.0000.00%
    5WA.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.60+0.28+87.50%
    AWC.SI
    0.48+0.17+54.84%
    BCD.SI
    0.35+0.08+29.63%
    BQO.SI
    0.515+0.065+14.44%
    T55.SI
    0.155+0.019+13.97%
    BKZ.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.225-0.045-16.67%
    N21.SI
    0.215-0.040-15.69%
    AWI.SI
    0.138-0.017-10.97%
    1C0.SI
    0.11-0.01-9.84%
    BRR.SI
    0.575-0.055-8.73%
    600.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4040-0.0035-0.25%
    USDSGD=X
    1.4795-0.0094-0.63%
    EURSGD=X
    1.7461-0.0204-1.15%
    GBPSGD=X
    79.5820-0.48-0.60%
    SGDJPY=X
    5.5214+0.0106+0.19%
    SGDHKD=X
    3.1593-0.0033-0.10%
    SGDMYR=X
    9,520.9463-3.3887-0.04%
    SGDIDR=X
    4.8855+0.0077+0.16%
    SGDCNY=X
    1.0768-0.0087-0.80%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,258.00+6.60+0.53%
    GCJ17.CMX
    18.34+0.23+1.26%
    SIH17.CMX
    88.62-0.99-1.10%
    ^XAU
    2.68+0.02+0.92%
    HGK17.CMX
    54.02-0.43-0.79%
    CLJ17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.80-0.07
    ^FVX
    2.32-0.07
    ^TNX
    2.95-0.07
    ^TYX