0824 GMT - Rheinmetall remains fully on track to meet its full-year guidance, HSBC analysts write in a note to investors. The German arms maker has major order intakes in the third quarter, including one from Germany for the delivery of 6,500 military trucks, and another from Denmark for the supply of Skyranger air-defense systems, they note. The U.S. presidential elections next month should have no impact on Rheinmetall's acquisition of U.S. vehicle specialist Loc Performance Products, the analysts add. However, countries not living up to announced defense budgets or significantly lower-than-announced ammunition and truck orders could put the company's 2026 targets at risk, they warn. Shares are down 2.2% at 470.9 euros. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
October 11, 2024 04:24 ET (08:24 GMT)
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