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German defence company Rheinmetall has partnered with satellite maker ICEYE to fulfil a 1.7-billion-euro ($2 billion) order from the German army for the space sector, it said in a statement on Thursday.
The arms and automotives maker said Wednesday that it was choosing between two bidders after launching talks with potential buyers in April.
German defense manufacturer Rheinmetall said on Wednesday it has initiated the sale of its civil business activities and will classify them as discontinued operations with immediate effect.
Hensoldt will supply the air defence division of Rheinmetall with radar for ground-based air defence applications, the German companies said on Friday.
Rheinmetall AG Chief Executive Officer Armin Papperger is making a fresh pitch to buy part of rival KNDS NV and create a European land defence company that would consolidate the continent's fragmented market, Bloomberg reported on Wednesday, citing sources with knowledge of the matter.
Rheinmetall is upgraded to a strong buy, driven by robust defense demand and ambitious 2030 growth plans. Rheinmetall is expanding beyond land systems into air, naval, and digital domains, targeting €50 billion in revenue and 20% margins by 2030. Despite recent stock pullback, Rheinmetall offers 49% near-term upside and up to 290% long-term growth if execution meets targets.
Rheinmetall CEO Armin Papperger said on Thursday that the German defence company is not currently negotiating with carmaker Volkswagen about its factory in Osnabrueck.
Rheinmetall AG ( RHM:CA ) Analyst/Investor Day November 18, 2025 3:00 AM EST Company Participants Armin Papperger - Chairman of the Executive Board & CEO Rene Gansauge - COO & Member of Executive Board Klaus Neumann - CFO & Member of Executive Board Conference Call Participants Alessandro Pozzi - Mediobanca - Banca di credito finanziario S.p.A., Research Division Sebastian Growe - BNP Paribas, Research Division Christoph Laskawi - Deutsche Bank AG, Research Division Michael Raab - Kepler Cheuvreux, Research Division Sven Weier - UBS Investment Bank, Research Division Chloe Lemarie - Jefferies LLC, Research Division Samuel Burgess - Goldman Sachs Group, Inc., Research Division Adrien Rabier - Sanford C.
EXCLUSIVE: Rheinmetall is looking to tap workers laid off by the car industry as it prepares to quintuple sales by 2030 compared with 2024.
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 Weier - UBS Investment Bank, Research Division Christoph Laskawi - Deutsche Bank AG, Research Division Marie-Ange Riggio - Morgan Stanley, Research Division Marco Vitale - Mediobanca - Banca di credito finanziario S.p.A., Research Division Adrien Rabier - Sanford C.
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.
The joint venture between European defence giants Rheinmetall and Leonardo received its first order from the Italian army to build combat vehicles, the companies said on Wednesday.
German defence giant Rheinmetall is in the final stages of negotiating a multi-billion-euro ammunitions supply contract, CEO Armin Papperger told Reuters in an interview on Tuesday.
Lithuania is in talks with German defence conglomerate Rheinmetall for a second investment project, a Lithuanian presidential advisor said on Tuesday.