Rheinmetall AG (RNMBF) and KNDS Germany's joint venture Artec GmbH has secured an order from the German Armed Forces to supply Remote Controlled Howitzer 155 mm or RCH155 wheeled howitzer.
On December 19, the company received the order for the first 84 RCH155 wheeled howitzers, along with associated training equipment, service and logistical support, bringing the total value of the order at approximately 1.2 billion euros.
The company plans to begin deliveries in 2027, which are scheduled for completion in 2029.
Rheinmetall's stock is moving up 3.69 percent, to $1,856.00 on the OTC Markets.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.