Rheinmetall Stock Hits Record High as Sales Surge

The German defense company projects significant growth driven by increased global defense spending and strategic partnerships.

Rheinmetall forecasts doubling its revenue to €20 billion by 2027, with a notable increase in profitability.
The company's stock price surpassed €600 for the first time, marking an all-time high, due to strong financial projections.
Rheinmetall's growth is fueled by heightened defense spending across the EU and NATO, influenced by the ongoing conflict in Ukraine.
A joint venture with Italian defense firm Leonardo and entry into the U.S. market are expected to significantly expand Rheinmetall's market potential.
The company's backlog, including expected orders and contracts, is projected to exceed €60 billion by the end of the year.