Sawt Falasteen - Rheinmetall shares surge after armsmaker reports record profit

NYSE - LSE

RYCEF	2.62%	19.81	$
RBGPF	0%	69.99	$
RIO	2.29%	98.04	$
CMSC	0.92%	20.67	$
BCE	-0.99%	22.28	$
RELX	0.32%	34.38	$
NGG	2.02%	77.6	$
GSK	1.51%	51.06	$
BTI	-0.12%	56.02	$
AZN	1.96%	166.14	$
VOD	0.34%	17.52	$
CMSD	0.78%	20.45	$
BP	0.09%	45.42	$
JRI	0.95%	11.61	$
BCC	0.29%	75.53	$

Rheinmetall shares surge after armsmaker reports record profit / Photo: Alexandra Beier - AFP/File

Rheinmetall shares surge after armsmaker reports record profit

ECONOMY 29.07.2026

German weapons manufacturer Rheinmetall on Wednesday reported record second-quarter core profit, beating analyst expectations, sending shares in the firm up almost nine percent.

Text size:

Core profit for the three months to June came in at 562 million euros ($639.5 million), Rheinmetall said, roughly double the amount this time last year and about 20 percent above analyst expectations in a poll by Vara Research.

Revenue at 3.3 billion euros was up almost 70 precent, Rheinmetall said, with growth broad-based across the company.

"All segments contributed to this year-on-year improvement," the tank gun maker said. "Operating metrics have thus been significantly exceeded."

Rheinmetall shares have soared 13-fold since before Russia's full-scale invasion of Ukraine in February 2022 as defence spending has surged across Europe.

Germany's defence budget is planned to rise 33 percent by next year to almost 110 billion euros as Berlin rearms to face the threat from Moscow and compensate for wavering American commitment to European security.

N.AbuHussein--SF-PST

Sawt Falasteen - Rheinmetall shares surge after armsmaker reports record profit

Rheinmetall shares surge after armsmaker reports record profit

Featured

Backpackers fret over Australian visa crackdown

Asian stocks boosted by falling oil, yen weakens after BoJ rate hike

Bank of Japan hikes rates to 31-year high to battle inflation

AI doomsday warnings unlikely to slow IPOs but questions linger