XTRA:RHMAerospace & Defense
Rheinmetall (XTRA:RHM) Could Be 41% Undervalued Following Lockheed Missile Deal
Rheinmetall (XTRA:RHM) is back in focus after agreeing with Lockheed Martin to co produce ATACMS missiles in Germany, a move backed by US and German authorities and framed around European defense autonomy.
See our latest analysis for Rheinmetall.
Rheinmetall’s new missile agreement lands after a sharp pullback, with the share price down about 31% year to date and the 1 year total shareholder return declining about 39%, although the 3 year total shareholder return is more than 4x.
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