Rheinmetall signs satellite reconnaissance deal with Polish tech firm [Yahoo! Finance]
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: Yahoo! Finance
The contract is aimed at supporting a satellite-based reconnaissance programme for the Bundeswehr. Under the agreement, SATIM will act as a technology supplier, providing AI-driven analysis of synthetic aperture radar imagery that converts complex radar data into actionable intelligence. The contract supports SPOCK-1, Germany's satellite reconnaissance programme awarded to Rheinmetall ICEYE Space Solutions. Rheinmetall will operate the system in Germany, strengthening its intelligence, surveillance and reconnaissance capabilities and enhancing situational awareness for defence customers. Rheinmetall is currently trading at $1,820, down $36.00 or 1.94% on the OTC Markets.
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