Germany, Netherlands to buy 222 infantry vehicles

Germany and the Netherlands will buy 222 infantry vehicles in a $4 billion deal, Germany announced yesterday. The Jackal wheeled vehicles will be supplied by Artec, a joint venture between Germany’s Rheinmetall and Franco-German conglomerate knds. Rheinmetall confirmed yesterday that it expects to receive $3.5 billion as part of the deal, prompting another surge in its stock, which is up from less than $100 per share five years ago to about $1,800 per share today.