Defense company stock falls amid reports Germany cutting aid to Ukraine ...News

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Defense company stock falls amid reports Germany cutting aid to Ukraine
source : Russia Today ( News ) () 35
Rheinmetall has been a major beneficiary of Berlin’s campaign to arm Kiev Shares in German defense company Rheinmetall have slumped after reports that Berlin could cut arms deliveries to Ukraine.  Rheinmetall’s share price dropped by as much as 4.5% to €536 ($592) after European markets opened on Monday morning, although it later partially rebounded to €554. The German defense giant’s stock had been on rise since the start of the year, gaining as many as 85%.   In July, the company reported a 111% jump in second-quarter profits alone. Rheinmetall remains one of the main arms producers in the EU, which is desperate

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