Rheinmetall clarifies support for Ukraine after CEO's drone comments spark backlash [Seeking Alpha]
RHEINMETALL AG UNSP/ADR (RNMBY)
NASDAQ:AMEX Investor Relations:
rheinmetall.com/en/rheinmetall_ag/corporate_social_responsibility/stakeholder_2/investoren_2/index.php
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Source: Seeking Alpha
The company said in a social media post that Ukrainians are making an “immeasurable contribution” to their defense and are fighting “highly effectively even with Fresh Stock Ideas, Every Day Quick Insights The controversy around CEO comments attracted criticism, but Rheinmetall reiterated support for Ukraine, seeking to protect its reputation and maintain defense partnerships. Analysts now prefer companies focused on air defense and drones rather than traditional manufacturers like Rheinmetall, potentially weakening its attractiveness to investors. Recent conflicts show rising demand for drone, AI, and air defense technologies, so analysts see companies specializing in these as better positioned than tank and artillery makers like Rheinmetall. Recommended For You More Trending News
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News
- ‘Ukrainian housewives' and Skyranger delays – German defense poster child Rheinmetall is in hot water [Yahoo! Finance]Yahoo! Finance
- Tuesday, March 31. Russia’s War On Ukraine: News And Information From Ukraine [Forbes]Forbes
- Citi upgrades European defense names, sees limited upside for Rheinmetall [Seeking Alpha]Seeking Alpha
- No THAC0 Tuesday [zero hedge]zero hedge
- Ukrainians chide German defense boss for jibes about 'Lego' drones made by 'housewives' [Yahoo! Finance Canada]Yahoo! Finance Canada