Rheinmetall lands nearly 500 million euro Bundeswehr order, shares ease after recent rally
Published on 06/23/2026 at 22:14 | Editorial responsibility: Rafael MĂĽller, Editor-in-Chief AD HOC NEWS
By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 22:09.
Rheinmetall (DE0007030009) reported a new large-scale contract from the German Bundeswehr on Tuesday. The DAX group will supply 23 BĂĽffel armored recovery vehicles with a total volume of just under 500 million euros, as detailed in a company release and market reports.IR release on the BĂĽffel order
What the new order includes
According to Rheinmetall, the Bundeswehr framework contract covers 23 Büffel armored recovery vehicles based on the Leopard 2 platform, including logistics and spare parts, with a value of nearly 500 million euros before VAT.Reuters coverage of the Bundeswehr deal Deliveries are scheduled to run from 2027 to 2030, strengthening Rheinmetall’s order backlog in its Vehicle Systems division.
Defense commentators note that the order is part of Germany’s ongoing modernization of its armored forces, funded by the special 100 billion euro Bundeswehr investment program and the regular defense budget.Handelsblatt analysis of German rearmament orders The contract follows earlier Bundeswehr deals for Puma infantry fighting vehicles and ammunition, consolidating Rheinmetall’s role as a core supplier.
Analyst view and DAX context
On Xetra, Rheinmetall shares recently traded around 1,185 euros, modestly below the previous day’s level, after a strong run that had taken the stock well above 1,200 euros in recent sessions.Tagesschau price overview for Rheinmetall The company has been part of the DAX since 2023 and is one of the index’s prominent defense representatives alongside peers such as Hensoldt and Airbus.
Analysts at Oddo BHF recently reiterated their Buy stance on Rheinmetall and lifted the price target, citing a structurally elevated order intake in ammunition and vehicles as well as improved visibility through multi-year government programs.Oddo BHF rating update on Rheinmetall Market platforms such as MarketScreener show that a majority of covering houses currently rate the stock as Buy, with consensus expectations for rising sales and margins through 2027.
Background and price data on Rheinmetall
All current news, analyst assessments and price data on the Rheinmetall shares can be found in the dedicated topic area and via the company’s investor relations pages.
The products behind the order
Rheinmetall generates a substantial part of its defense revenues with land systems such as the Leopard 2-based BĂĽffel armored recovery vehicle, which is designed to tow and repair heavy main battle tanks in demanding combat environments. The group also supplies ammunition, sensor systems and protection solutions to NATO customers.
Where the shares trade today
The Rheinmetall shares (DE0007030009) traded on Xetra on 2026-06-23 at 16:11 at around 1,185.00 euros.
Key data on the Rheinmetall shares
- Company: Rheinmetall AG
- ISIN: DE0007030009
- WKN: 703000
- Ticker: RHM
- Trading venue: Xetra
- Price (as of 2026-06-23, 16:11): 1,185.00 EUR
- Market cap: approximately 52 billion EUR (as of 2026-06-23)
- Sector / industry: Defense and aerospace / industrial engineering
- Index membership: DAX
- Next earnings date: 2026-08-07 (company guidance and market data)
Disclaimer: This article is for information purposes only and does not constitute investment advice, a recommendation to buy or sell securities, or any other financial service. All data have been carefully researched but cannot be guaranteed for accuracy or completeness.
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