Rheinmetall AG
XMUN:RHM
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
R
|
Rheinmetall AG
XMUN:RHM
|
DE |
|
Ternium SA
NYSE:TX
|
LU |
|
M
|
Microchip Technology Inc
XHAM:MCP
|
US |
|
Regions Financial Corp
NYSE:RF
|
US |
|
G
|
Gaming and Leisure Properties Inc
F:2GL
|
US |
|
G
|
Gap Inc
XMUN:GAP
|
US |
|
P
|
Public Service Enterprise Group Inc
LSE:0KS2
|
US |
|
KLX Energy Services Holdings Inc
F:KX4A
|
US |
|
Flotek Industries Inc
NYSE:FTK
|
US |
|
C
|
Colliers International Group Inc
SWB:FSV
|
CA |
|
S
|
Supernus Pharmaceuticals Inc
SWB:S49
|
US |
|
L
|
Lattice Semiconductor Corp
XMUN:LTT
|
US |
|
I
|
Intuit Inc
BMV:INTU
|
US |
Rheinmetall AG
Rheinmetall AG is a German industrial company best known for making defense equipment for armies and security forces. Its defense business sells armored vehicles, military trucks, weapons systems, ammunition, air defense gear, sensors, and related support services. It also makes automotive parts and systems such as engine components, thermal management, and other parts used by car makers and engine manufacturers. Its main customers are governments, armed forces, defense ministries, and large vehicle manufacturers. Rheinmetall earns money by designing and manufacturing products, winning long-term supply contracts, and providing maintenance, upgrades, and spare parts. In defense, much of the business comes from public procurement, where customers buy equipment through formal tender and contract processes. What makes Rheinmetall different is that it sits in two very different industrial markets. The defense side is tied to national security spending and tends to involve long development cycles, strict regulation, and follow-on service work. The automotive side is more of a parts supplier business, where the company sells technical components that are built into other companies’ vehicles and engines.
Rheinmetall AG is a German industrial company best known for making defense equipment for armies and security forces. Its defense business sells armored vehicles, military trucks, weapons systems, ammunition, air defense gear, sensors, and related support services. It also makes automotive parts and systems such as engine components, thermal management, and other parts used by car makers and engine manufacturers.
Its main customers are governments, armed forces, defense ministries, and large vehicle manufacturers. Rheinmetall earns money by designing and manufacturing products, winning long-term supply contracts, and providing maintenance, upgrades, and spare parts. In defense, much of the business comes from public procurement, where customers buy equipment through formal tender and contract processes.
What makes Rheinmetall different is that it sits in two very different industrial markets. The defense side is tied to national security spending and tends to involve long development cycles, strict regulation, and follow-on service work. The automotive side is more of a parts supplier business, where the company sells technical components that are built into other companies’ vehicles and engines.
Defense budget: Germany’s draft 2027 defense budget points to roughly EUR 145 billion, up about 21% from 2026, which management said supports visibility in its home market.
Q2 performance: Rheinmetall said it is still on track for quarter-over-quarter growth of above 40%, implying H1 growth of about 35% to 40%.
Portfolio move: The Power Systems sale was signed on June 3 for EUR 350 million, with closing expected in Q4; management also flagged a EUR 200 million noncash impairment for models.
F126 impact: The cancellation of the F126 frigate program could reduce 2026 revenue by up to EUR 300 million if no offsetting measures are found, and the company said it is assessing the full impact.
Order momentum: Even with the F126 setback, management highlighted strong order flow in other areas, including loitering ammunition and a Romanian package under the SAFE regime.
Boxer timing: Approval for the Boxer order is still expected in late Q3 or early Q4, with a proposed EUR 12.5 billion fixed contract and a EUR 25 billion frame contract.
