Rheinmetall AG : Puma: a tarnished reputation but limited financial consequences
>Serial technical problems on the Puma - German weekly Der Spiegel has reported that the Bundeswehr, the German army, was experiencing technical problems with the Puma infantry fighting vehicles. The vehicles were to be used by the NATO Response Force, but a test showed that none of the 18 Pumas deployed was combat-ready. The weekly cites defects in the turret, the vehicles' electronics and even a cable that caught fire in the driver's cabin. The technical problems of...Rheinmetall is a holding company. Through its subsidiaries, Co. operates in two sectors: defence and automotive. Co.'s defence sector is comprised of three divisions: combat systems, engaging in armored tracked vehicles and NBC protection systems; electronic solutions, engaging in air defence systems and soldier systems; and wheeled vehicles, engaging in wheeled logistics vehicles and wheeled tactical vehicles. Co.'s automotive sector is comprised of three division: mechatronics, engaging in cutting emissions and air management systems; hardparts, engaging in pistons and plain bearings and bushes; and motorservice, which includes aftermarket activities for replacement parts business.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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