Rheinmetall shares plunge more than 17% after second guidance cut of the year
German defense group Rheinmetall lowered its 2026 revenue and margin guidance due to delays with the Arminius contract and acceptance of artillery ammunition. Shares fell more than 17%, even though quarterly results were record-breaking. This is the second guidance cut of the year, following the cancellation of the F126 frigate program.
Aziz Karimov