Germany's Rheinmetall to Send Battle Tanks to Slovakia to Support Ukraine [MarketWatch]
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: MarketWatch
to transfer equipment to Ukraine as NATO continues to support Kyiv in its fight against Russian forces. The German defense company said Wednesday that it would be sending 15 Leopard 2A4 main battle tanks and ammunition to Slovakia as well as a service package including training and spare parts. The first vehicle is expected to be shipped in December and the company aims to complete deliveries by the end of 2023. The vehicles that Rheinmetall will be providing were formerly in the inventories of various states, the company said. The move by Rheinmetall, one of Europe's largest arms makers, falls under Germany's "Ringtausch" equipment-exchange program that allows members of the North Atlantic Treaty Organization to provide Ukraine with Soviet-era heavy equipment in exchange for readily available Western military systems. Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
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