By Kim Richters 
 

Rheinmetall AG said Monday that it has received a contract from the British Ministry of Defense with an order volume of around 770 million euros ($936.5 million).

The German defense company said the order includes modernizing 148 main battle tanks of the Challenger 2 type.

Much of the work will be done at a plant in Telford in the West Midlands, which is a joint venture between Rheinmetall and BAE Systems PLC, Rheinmetall said.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

May 10, 2021 04:36 ET (08:36 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Rheinmetall (XE:RHM)
Historical Stock Chart
From Aug 2021 to Sep 2021 Click Here for more Rheinmetall Charts.
Rheinmetall (XE:RHM)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more Rheinmetall Charts.