Arms maker Rheinmetall said it struck a deal with Boeing’s Australian business to offer autonomous combat aircraft for the German armed forces.

The MQ-28 Ghost Bat could be fielded by the Luftwaffe, but the door is also open to a potentially very lucrative European CCA market.

Citi on Tuesday upgraded several Western European aerospace and defense stocks, arguing that recent share price movements have created more attractive entry points, even as parts of the sector may be nearing peak demand.

Under the agreement, Rheinmetall will act as the system integrator for the platform in Germany. The company will oversee its integration into current and future Bundeswehr command and weapons systems,

Rheinmetall Defence Australia (RDA) presented the first completed heavy weapon carrier infantry (Schwerer Waffenträger Infanterie: sWaTrg Inf) Boxer vehicle for

Rheinmetall partners with Boeing Australia to offer the MQ-28 Ghost Bat to the Bundeswehr, days after German defense minister Boris Pistorius signaled interest.

It’s Ukrainian housewives,” he said. “They have 3-D printers in the kitchen, and they produce parts for drones … This is not innovation.”

What Rheinmetall’s recent share performance tells you Rheinmetall (XTRA:RHM) has drawn attention after recent share performance softened, with the stock showing a 3.5% decline over the past day, a 7.4% slide over the past week,