Renk Group - Rising NATO Spending Creates Bright Prospects for Defense Contractor!

Business driver: Renk can be seen as a specialist in tank drive systems as well as components such as hybrid drives, suspension systems, sliding bearings, couplings, and testing systems for military vehicles. Currently, like other heavyweights in the defense sector, it can benefit from increasing EU-NATO budgets. The failure of peace talks between Russia and Ukraine continues to prolong the situation, especially since the EU and Germany have made extensive aid commitments to Ukraine. Recently, Renk reported solid Q1 results, with incoming orders...