RHM.DE is trading about 4% up at $1,039 in a technical recovery following a steep 19% drop on June 24.
- The positive sentiment is reinforced by Rheinmetall securing a high double-digit million euros artillery order from Ukraine, announced on June 30.
- This contract, for artillery shells and propellant charges, will be recognized in Q2 2026.
- Sentiment also remains supported by constructive defense-sector fundamentals and ongoing European rearmament trends.