Rheinmetall ADR Stock News

Auterion CEO Lorenz Meier said having German defence player Rheinmetall on board as a "significant" shareholder in the U.S.-based drone software firm would help it grow its order book, adding that it would not lead to a full takeover.

Rheinmetall plans to buy steel mostly in Germany or in Europe in the future, said CEO Armin Papperger on Tuesday after the German defence company unveiled its new midterm targets.

Rheinmetall on Tuesday told investors to expect sales to grow fivefold over the next five years. The company forecast sales of about 50 billion euros ($58 billion) by 2030, up from about 10 billion euros in 2024.

Rheinmetall , which has surged amid Europe's renewed interest in defence, is aiming for sales of around 50 billion euros ($58.01 billion) and an operating margin of more than 20% by 2030, the German company said in presentation slides.

There are challenges for defense companies operating in Europe—the estimated increase in military spending may not materialize for instance. But Europe is playing catch-up on an epic scale.

Rheinmetall AG ( RHM:CA ) Q3 2025 Earnings Call November 6, 2025 8:00 AM EST Company Participants Armin Papperger - Chairman of the Executive Board & CEO Klaus Neumann - CFO & Member of Executive Board Conference Call Participants Sebastian Growe - BNP Paribas, Research Division Chloe Lemarie - Jefferies LLC, Research Division Samuel Burgess - Goldman Sachs Group, Inc., Research Division Sven W...

The manufacture sales increased 13%, a slowdown in momentum due to delays in German government's procurement decisions.

German arms manufacturer Rheinmetall , one of the main beneficiaries of a boost in European defence spending, reported a 20% rise in consolidated sales, to 7.52 billion euros ($8.77 billion), in the first nine months of the year on Thursday.