Rheinmetall is trading 16.14% down today at €841.50 after the company cut its 2026 outlook for the second time in three months.
- The defense firm lowered its 2026 sales forecast to approximately €13.2 billion from a previous range of €13.7–14.2 billion and trimmed its operating margin target to 18.5% from 19%.
- Management cited delays in Germany’s Arminius Boxer vehicle project and artillery-ammunition acceptance tests, which are expected to push revenue into 2027.