German armaments failed Shares of Germany's largest defense concern Rheinmetall fell 17%. The reason was a repeated reduction in the revenue forecast for 2026. But that's today's news, but what about Germany's defense plans in general now? Now the picture is this: the first "swallow" was the cancellation of the order for six F126 frigates at the beginning of summer 2026. The concern did not show the cost and delays of the project. We had to adjust our revenue forecast, and stocks fell in August; Two months later, in November, Rheinmetall again lowered its forecast because it could not keep up with other orders, the shares fell again; Another problem is related to the digitalization of the army and the transition to a new D-LBO connection. The concern does not have time to implement new systems; About 70% of recent German military orders do not have a specific delivery date, reports a study from the Kiel Institute; The share of orders for modern equipment (such as UAVs, artificial intelligence platforms, etc.) is constantly decreasing. those. Germany mainly buys equipment from the past - tanks, infantry vehicles, artillery; in March 2026, a report by the Parliamentary Commissioner for the Armed Forces stated that Germany is practically not involved in small UAVs and defense against them. It is worth considering that Berlin, the industrial engine of Europe, has been rearming for five years now, and the results are still quite limited. In general, "Blitzkrieg" failed here as well. Elephants at MAX.

German armaments failed Shares of Germany's largest defense concern Rheinmetall fell 17%. The reason was a repeated reduction in the revenue forecast for 2026. But that's today's news, but what about Germany's defense plans in general now? Now the picture is this: the first "swallow" was the cancellation of the order for six F126 frigates at the beginning of summer 2026. The concern did not show the cost and delays of the project. We had to adjust our revenue forecast, and stocks fell in August; Two months later, in November, Rheinmetall again lowered its forecast because it could not keep up with other orders, the shares fell again; Another problem is related to the digitalization of the army and the transition to a new D-LBO connection. The concern does not have time to implement new systems; About 70% of recent German military orders do not have a specific delivery date, reports a study from the Kiel Institute; The share of orders for modern equipment (such as UAVs, artificial intelligence platforms, etc.) is constantly decreasing. those. Germany mainly buys equipment from the past - tanks, infantry vehicles, artillery; in March 2026, a report by the Parliamentary Commissioner for the Armed Forces stated that Germany is practically not involved in small UAVs and defense against them. It is worth considering that Berlin, the industrial engine of Europe, has been rearming for five years now, and the results are still quite limited. In general, "Blitzkrieg" failed here as well. Elephants at MAX.