XTRA:RHMAerospace & Defense
Rheinmetall (XTRA:RHM) Explores Acquisition Of German Shipbuilder NVL From Luerssen Family
Rheinmetall (XTRA:RHM) is reportedly in discussions to acquire German shipbuilder Naval Vessels Luerssen, reflecting its aim to expand into the naval sector. This news comes amid a generally positive trend in major stock indexes, with the S&P 500 and Nasdaq reaching new highs. Over the past week, Rheinmetall's share price increased by 5%, outpacing the broader market's 1.9% rise. While the company's potential acquisition aligns with broader trends of portfolio expansion in the defense sector,...