UPDATE 1-German arms firm Rheinmetall 9-mo profit quadruples

Newswire

(Adds background on outlook) FRANKFURT, Nov 17 (Reuters) - German defence and automotive group Rheinmetall AG said on Monday its pre-tax profit had quadrupled in the first nine months of the year, and stuck to a target of higher operating earnings in 2003 as a whole. Rheinmetall, which builds tank components, mine-clearing equipment and drones, said pre-tax profit rose to 24 million euros ($28 million) in the period, while sales slipped slightly to 3.1 billion euros. The company saw ...

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