Rheinmetall is a leading manufacturer of modern air defence systems in the world, with integrated capabilities across the defense supply chain. The company derives 90% of revenue from defense with a record €63 billion order backlog. Recent expansion through major acquisitions and new manufacturing facilities across Europe and India positions the company to capitalize on sustained defense spending growth.
Cyborg Score Rationale
The stock has jumped 20% in 2026, making it the best-performing company in the DAX Index. 2024 revenue reached €9.75 billion, up 35.88% versus prior year, with earnings of €717 million up 34.02%. Strong order backlog, expanding manufacturing capacity, and favorable defense spending trends drive exceptional growth momentum.
Top Insights
Rheinmetall is building a 155mm artillery ammunition plant in Lithuania with €180 million investment, expected operational mid-2026
In September 2025, the company acquired Blohm+Voss shipyards and agreed to establish joint 155mm artillery production in Ukraine
In May 2025, Indian Reliance Group agreed to provide explosives and ammunition with strategic partnership for joint business development
Germany plans €650 billion defense spending over 5 years while EU SAFE initiative provides €150 billion in loans; ReArm Europe program expects €800 billion in defense investments by 2030
Named Competitors
Leonardo — Italian defense and aerospace manufacturer
Thales — French defense and aerospace technology provider
Leonardo DRS — U.S. defense systems and electronics supplier
Lockheed Martin — Leading U.S. aerospace and defense contractor