Renk Group Ag (RNKGF)

$RNKGF What’s going on with this. Any upside potential

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$RNKGF $LMT $RNMBY $NVDA $PLTR RENK Group AG Completes Acquisition of Cincinnati Gearing Systems Inc. Cincinnati Gearing Systems Inc. now operates as RENK America Marine & Industry LLC RENK Group strengthens its position on the North American market especially in the naval sector The acquisition marks a significant milestone in RENK’s global expansion strategy, particularly in strengthening its presence in the North American market and deepening its focus on serving the US Navy and allied forces. https://www.renk.com/en/newsroom/news/press-releases/renk-group-ag-completes-acquisition-of-cincinnati-gearing-systems-inc

$RNKGF $BAESY $LMT $RNMBY $SAABF NATO's increased defence spending target will see allies finance a five-fold increase in air defence capabilities, the purchase of thousands more tanks and armoured vehicles and millions of rounds of artillery ammunition, the alliance's chief Mark Rutte said on Monday on the eve of a summit in The Hague. Leaders from the 32 allied countries are expected to sign off on a new defence spending target of 5% of GDP on Wednesday, more than double the 2% level agreed in 2014 at a summit in Wales. Rutte described the hike as "a quantum leap that is ambitious, historic and fundamental to securing our future which will lead to a stronger, fairer, more lethal alliance Our security environment has changed, he said, adding that if the alliance doesn't ramp up spending and production its "deterrence will not be strong enough in a few years when Russia could have the means to attack another European country. https://www.euronews.com/my-europe/2025/06/23/rutte-natos-new-5-target-is-quantum-leap-to-improve-air-defence-and-buy-thousands-of-tanks

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$RNKGF https://militaeraktuell.at/en/netherlands-1-1-billion-euros-for-tanks-drones-and-medical-supplies/ New mechanized infantry battalion and more combat power One focus of the investments is therefore on increasing the land-based combat strength: 425 million euros are being spent on preparing the establishment of an additional armored infantry battalion for the land forces – including modern combat vehicles, air defence components and the associated infrastructure. Money is also being invested in the digitalization and expansion of the properties.

$RNKGF MDAX 27.03

$BAESY $LMT $RNKGF $RNMBY $SAABF European President Ursula vanDerLeyen announcing intensive miltitary investment on EU level. European Defence Companies exploding. https://www.reuters.com/world/europe/europe-must-urgently-rearm-eus-von-der-leyen-says-2025-03-02/

European defence stocks continue their climb as orders are expected to skyrocket. 🇸🇪Saab: +12% (+53% YTD) 🇩🇪Rheinmetall AG +13% (+90% YTD) 🇩🇪RENK Group: +17% (+87% YTD) 🇩🇪Hensoldt AG: +28% (+100% YTD) 🇬🇧BAE Systems +13% (+38% YTD) 🇮🇹Leonardo SpA: +12% (+67% YTD) 🇫🇷Thales SA: +14% (+60% YTD) $LMT $BAESY $RNKGF $SAABF $RNMBY