German arms maker Rheinmetall on Wednesday mentioned it expects 2025 gross sales to leap by 25-30% this yr, amid expectations of “main high-volume orders from navy clients” that might achieve an additional increase from a current change in tack in European protection coverage.
The corporate reported a 36% soar in consolidates gross sales in 2024, with gross sales within the protection enterprise up 50%.
Rheinmetall’s Frankfurt-listed shares have risen practically 89% because the starting of the yr, as broader European protection shares have soared amid the prospect of a protection splurge by regional governments.
The European leaders push to bolster regional protection capabilities comes as U.S. President Donald Trump is pressuring European NATO allies to funnel more cash into safety spending, whereas uncertainty persists over how a lot help Ukraine can count on from the brand new White Home administration.
Rheinmetall has been singled out by a variety of analysts as a inventory to observe because the European protection story develops. Earlier this month, JPMorgan raised its goal worth for the corporate to 1,200 euros ($1,308) from 800 euros.
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