Rheinmetall Lowers Annual Guidance Due to Procurement Delays

Rheinmetall lowered its 2026 sales guidance to approximately €13.2 billion from a previous range of €13.7 billion to €14.2 billion, and cut its operating margin forecast to about 18.5% from around 19%. The company cited expected delays in the Arminius Boxer combat vehicle project and acceptance of artillery ammunition orders. In the third quarter, revenue rose nearly one-third to €3.15 billion and operating profit increased 62% to €553 million; full quarterly results are due Thursday morning.