Overview
- Rheinmetall reported 2025 revenue of €9.9 billion, up 29%, with operating profit rising 33% to €1.8 billion and a record order backlog of €63.8 billion, up 36%.
- The company guides for 2026 revenue growth of 40–45% and an operating margin of 19%, up from 18.5% in 2025.
- CEO Armin Papperger said systems deployed in the region helped down more than 100 drones over the weekend and that customer inquiries surged.
- Rheinmetall is refocusing on defense by studying a sale of its civilian businesses, integrating Lürssen’s military ship division, developing uncrewed surface vessels with Kraken, and targeting a first satellite launch in Q3 2026.
- The firm continues deliveries to Ukraine and is building an artillery shell plant there, while preparing to orient more toward U.S. and potentially Middle Eastern customers, including supplying rocket‑launcher motors to the U.S. military.