Rheinmetall AG Unsponsored ADR (RNMBY)
Rheinmetall: What Is Left After A 125% Surge On Growing War Concerns?
Rheinmetall stock has surged over 125% since August 2023. Q2 results show strong sales growth of 49.2% to €2.2 billion and earnings surge of 110.1% to €270 million. Huge pipeline of opportunities, with nominations growing 180% to €11.4 billion and backlog increasing by 62% to €48.6 billion.
Rheinmetall to buy military vehicle parts maker Loc Performance in $950 mln deal
Rheinmetall would buy U.S.-based military vehicle parts maker Loc Performance in a $950 million deal, the German defense group said on Tuesday.
Rheinmetall expects up to 25 bln eur in orders for JV with Leonardo
Rheinmetall expects orders worth up to 25 billion euros ($27.27 billion) from the Italian government for its joint tank-building venture with defence manufacturer Leonardo , the German defence group's CEO said on Thursday.
German orders drive strong rise in Rheinmetall backlog in H1
German defence group Rheinmetall said on Thursday that its backlog rose significantly in the first six months due to a strong rise in orders from Germany and for the aid of Ukraine.
Rheinmetall confirms 2024 guidance as Q2 sales beat expectations
German defence group Rheinmetall confirmed its full-year guidance on Wednesday after its second-quarter sales and operating result beat market expectations due to thanks to its weapons and munitions division and its Expal Munitions unit.
Rheinmetall CEO expects order backlog of 60-70 bln euros at end-2024
German arms maker Rheinmetall expects its order backlog to grow to 60 billion to 70 billion euros ($65-$76 billion) by the end of the year, its Chief Executive Armin Papperger told Frankfurter Allgemeine Zeitung in an interview.
Rheinmetall, Leonardo say deal paves way for EU defence consolidation
The newly-formed joint venture between Germany's Rheinmetall and Italy's Leonardo is a first step in the consolidation of the European defence vehicle sector, the chief executives of the two groups said on Thursday.
Italy plans 20 bln euro tank order from Germany's Rheinmetall, reports Handelsblatt
The Italian government is planning to buy Panther main battle tanks and Lynx armoured fighting vehicles from German defence group Rheinmetall for around 20 billion euros ($21.48 billion), Germany's Handelsblatt newspaper reported on Wednesday, citing industry sources.
Rheinmetall, Torsus partner up for special operations vehicles
German defence group Rheinmetall's military vehicle division and Czech heavy-duty off-road bus maker Torsus have formed a strategic partnership to adapt the MAN TGE and Torsus Terrastorm models for special operations, they said on Tuesday.
Continental turns to arms maker Rheinmetall to help workers find new jobs
German autos supplier Continental is working with Rheinmetall to offer job opportunities for Continental workers at the arms maker, a sign of rising labour demand in defence even as other industries wind down personnel.
German army to boost Rheinmetall artillery shell order by 200,000, document shows
The German army intends to order 200,000 more artillery shells from armsmaker Rheinmetall than it had planned, a letter seen by Reuters on Tuesday from the Defence Ministry to parliament's budget committee.
Rheinmetall: Here Is A Way To Capitalize On Reversal Of European Peace Dividend
Rheinmetall stock has seen impressive performance, more than doubling since coverage began, outperforming the S&P 500. Q1 results show strong growth in sales and earnings, particularly in weapon and ammunition sales. Rheinmetall confirms 2024 guidance, with a backlog indicating continued high demand and need for capacity expansion.
