Shares of Germany's largest defense concern fell 17%, despite record profits. Shares of the German defense concern Rheinmetall today fell by more than 17%. The decline was so sharp that trading of the company's securities was temporarily suspended. The reason for this was the renewal of the revenue forecast for 2026: instead of 13.7-14.2 billion euros, the concern is expected to receive about 13.2 billion euros. Rheinmetall's main problem is the delay of large defense orders. In particular, the company expects that the contract of the Bundeswehr for armored vehicles under the Arminius project worth 12.4 billion euros will be completed only in 2027. The receipt of artillery ammunition was also postponed until a later date. In August, concern already reduced the forecast due to the suspension of the program to build F126 rockets. Rodinmetal's financial performance continues to grow. In the third quarter, revenues increased by 32% to 3.15 billion euros. The head of the concern Armin Papperger stressed that the demand for weapons remains high, and the company's long-term prospects are stable. @BILD Russian.

Shares of Germany's largest defense concern fell 17%, despite record profits. Shares of the German defense concern Rheinmetall today fell by more than 17%. The decline was so sharp that trading of the company's securities was temporarily suspended. The reason for this was the renewal of the revenue forecast for 2026: instead of 13.7-14.2 billion euros, the concern is expected to receive about 13.2 billion euros. Rheinmetall's main problem is the delay of large defense orders. In particular, the company expects that the contract of the Bundeswehr for armored vehicles under the Arminius project worth 12.4 billion euros will be completed only in 2027. The receipt of artillery ammunition was also postponed until a later date. In August, concern already reduced the forecast due to the suspension of the program to build F126 rockets. Rodinmetal's financial performance continues to grow. In the third quarter, revenues increased by 32% to 3.15 billion euros. The head of the concern Armin Papperger stressed that the demand for weapons remains high, and the company's long-term prospects are stable. @BILD Russian.