# Rheinmetall shares plunge 17% after outlook cut as military contracts stall

- URL: https://talkfuse.com/story/rheinmetall-shares-plunge-17-after-outlook-cut-as-military-contracts-stall/
- Published: 2026-11-05T09:06:40+00:00
- Updated: 2026-11-05T09:22:33+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/05/rheinmetall-stock-outlook-sales-germany.html
- Topics: Business, Europe, Markets, World

## Key points

- Rheinmetall lowered its 2026 sales and margin forecasts.
- Delays to vehicle and ammunition programmes drove the cuts.
- Shares dropped over 17% and are down about 46% this year.

## Summary

Rheinmetall cut its 2026 sales and profit-margin forecasts after delays to military vehicle contracts and ammunition deliveries. Its shares fell more than 17% in early trading, as the revised outlook marked a second guidance cut since August and added to concerns about the pace of contract delivery.

The company now expects sales of about €13.2 billion, down from a previous range of €13.7 billion to €14.2 billion, and an operating margin of around 18.5%, compared with 19%. Delays to Germany’s Arminius Boxer vehicle programme and setbacks in artillery ammunition testing contributed to the change; the Arminius contract is now expected to be commissioned next year. Shares are down about 46% this year, following average annual gains of 119% over the previous four years.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.