Rheinmetall AG (XETR:RHM) saw mixed momentum as Q2 orders were hit when Germany scrapped F126 frigates—potentially trimming ~€300m/year and prompting an Aug 6 guidance review—while new Q2 Skynex and Morocco field-hospital wins and US/German co-production talks lifted shares amid JPMorgan caution on 2030 targets.
Previous Week Recap
- Germany Scraps F126 Frigates: Rheinmetall (RHM): Germany scrapped F126 frigates, cutting Q2 order intake from ~€20bn to low double‑digit billions. Possible up to €300m annual revenue hit; full‑year guidance review due Aug 6.
- Skynex VSHORAD Contract Secured: Rheinmetall AG booked a Q2 contract worth hundreds of millions of euros to supply four Skynex VSHORAD systems, including vehicles, ammo and logistics, recorded in Q2 results.
- Shares Rise On Co‑Production Talks: Rheinmetall AG shares jumped about 5.7% to €1,046.6 after reports Germany and the U.S. discussed domestic co-production of weapons, including Tomahawk and PAC-3 missiles.
- JPMorgan Flags 2030 Targets: J.P. Morgan warns Rheinmetall AG (RHM) may need to cut 2030 targets due to shifting defense tech and slower German orders — key for traders tracking guidance revisions and execution risk.
- Morocco Field Hospitals Win: Rheinmetall AG (RHM) won a mid-double-digit million-euro contract to deliver seven field hospitals to Morocco, with deliveries set for 2027–2028; expands North Africa sales.
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