Rheinmetall ADR Stock News

Defence company Rheinmetall will test drones, expand tank production ​and build a new logistics ‌centre in the central German city of Kassel, investing about €270 million ($314.31 million) ​in the projects, Chief ​Executive Armin Papperger said on Thursday.

Rheinmetall expects to generate initial revenue from joint production of ATACMS missiles with Lockheed Martin in ​Germany in 2028, CEO Armin Papperger told Reuters, with ‌demand likely to remain strong for at least 15 years.

Rheinmetall trimmed its 2026 guidance by 300 million euros, reflecting a cancelled order from the German government earlier this year. It came as the arms maker saw sales grow 39% and profits rise 74% in the first half of the year.

The company expects annual sales between $15.83 billion to $16.41 billion, guidance which remains above what it reported last year.

German defence company Rheinmetall revised down its 2026 sales outlook ​range on Thursday in the aftermath of ‌the German government's decision to jettison a delayed frigate programme whose contract the firm had been tipped to win.

Arms maker Rheinmetall said it had logged strong growth in second-quarter revenue and earnings thanks to robust demand for military equipment

German defence ​contractor Rheinmetall ‌said on Wednesday ​its second-quarter ​revenue rose nearly ⁠70% ​to about €3.3 billion ($3.76 ​billion).