XTRA:RHMAerospace & Defense
The Bull Case For Rheinmetall (XTRA:RHM) Could Change Following Raised 2026 Guidance After Naval Deal Loss
In August 2026, Rheinmetall AG reported second-quarter results showing sales of €3,289 million and updated its 2026 guidance to sales of €13.7–€14.2 billion with an operating margin of around 19%, after Germany withdrew a large naval contract.
Despite the loss of a €10 billion German naval deal expected to cut about €300 million of sales this year, management highlighted that the impact on profitability should be limited given the naval unit’s smaller size and the company’s broader...