Rheinmetall stock gains as customs vessel contract adds orders

Published on 09/23/2026 at 14:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rheinmetall stock traded at EUR 1,005.80 on September 23, 2026, up 1.5 percent. The contract covers four LNG patrol vessels, while 2026 EPS is forecast at EUR 37.51.

Generischer gepanzerter Radpanzer im Dämmerlicht auf staubigem Truppenübungsplatz, Seitenansicht — Rheinmetall AG (DE0007030009) zeigt einen gepanzerten Radpanzer im Dämmerlicht auf einem staubigen Truppenübungsplatz, Illustration mit AI erstellt.

Rheinmetall AG (ISIN DE0007030009) traded at EUR 1,005.80 on Xetra at 9:28 a.m. on September 23, 2026, up 1.5 percent from the previous close. The move followed a company announcement that adds maintenance work for four LNG customs patrol vessels to the defense group's order activity.

Four vessels add a new order

According to Rheinmetall on September 23, 2026, the contract covers repair and maintenance work for four new LNG patrol vessels used by German customs. The company did not publish an order value in the cited announcement, so the immediate financial contribution cannot be quantified from the contract notice.

The order nevertheless broadens the visible customer base beyond traditional armed forces programs. Its operating importance will depend on the maintenance scope, delivery schedule and margin profile rather than on the vessel count alone.

Forecast earnings set the benchmark

Financial portal data cited on September 23, 2026, put the average analyst price target at EUR 1,641.29, compared with a Xetra reference price of EUR 1,005.80 in the same day's trading. The implied difference between those two levels is EUR 635.49, or 63.2 percent based on the quoted share price.

For 2026, experts cited by finanzen.ch on September 23, 2026, expect earnings per share of EUR 37.51. That estimate makes execution on large defense programs and the conversion of orders into profitable revenue central to the valuation discussion.

A concrete counter-factor is the absence of a disclosed value for the customs contract. Without an order amount, investors cannot compare this award with Rheinmetall's larger vehicle, ammunition or air-defense programs, and the contract alone does not establish a quantified change in group guidance.

Stock remains near EUR 1,000

Rheinmetall stock stood at EUR 1,005.80 on Xetra at 9:28 a.m. on September 23, 2026, after the previous close at EUR 991.40 on September 22, 2026. The 1.5 percent intraday gain therefore marked a recovery above EUR 1,000, while the 2026 EPS estimate of EUR 37.51 and the average target of EUR 1,641.29 provide the main quantified reference points for valuation.