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Old 24th July 2007, 16:41
F19Gladiator F19Gladiator is offline
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Re: Elliptcal markings in German propeller blades...?

It is a propeller manufacturer label. VDM, or Vereinigte Deutsche Metallwerke AG in this case.
Not sure about the colours though.
This picture has been published many times and I suspect it is a manufacturer photo of the first Bf 109 E-0 taken for advertising purposes.
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