Rheinmetall Surges Past €1,000 on Ukrainian Shell Deal and Expanding Transatlantic Ties
Published on 07/01/2026 at 19:34 | Redaktion boerse-global.de
Rheinmetall’s shares have clawed their way back above the psychologically important €1,000 threshold, buoyed by a fresh Ukrainian artillery order and reports that Berlin is pushing for joint production of US missile systems on German soil. The stock closed at €1,051.80 on Wednesday, a 4.78% gain for the session, after earlier trading as high as €1,033.00 — the moment it first reclaimed the quadruple-digit level.
Ukraine Artillery Order Adds Urgency to Q2 Bookings
The catalyst was a new contract for 155mm ammunition, confirmed by Rheinmetall on Wednesday. The order covers tens of thousands of ER02A1 B/B projectiles and M203 propelling charges, with a total value in the high double-digit million euro range. Production will take place at the company’s Expal Munitions facility in Spain, with delivery scheduled by the first quarter of 2027.
Crucially, the order value will be booked in the second quarter of 2026, a timing that aligns with management’s recent promise of stronger order intake momentum for that period. The shells have a range of up to 60 kilometres, addressing Ukraine’s urgent need for long-range artillery capability as the war grinds on.
Rheinmetall is simultaneously scaling up its production capacity. The group aims to manufacture 1.5 million 155mm shells annually by 2030. The new deal underscores the robust demand that has driven the company’s munitions backlog to nearly €25.8 billion at the end of the first quarter, while the group-wide order book stands at €73 billion.
Should investors sell immediately? Or is it worth buying Rheinmetall?
US-German Missile Talks Offer Strategic Upside
Beyond the Ukraine contract, a separate diplomatic initiative is providing tailwind. According to reports, Berlin is pushing for a joint production arrangement with Washington ahead of the NATO summit in Ankara on 7–8 July 2026. The German government wants to license-manufacture Tomahawk cruise missiles and PAC-3 Patriot interceptors on German territory.
Analysts view Rheinmetall as a natural partner for such an expansion. The company already works closely with Lockheed Martin and Northrop Grumman on projects including F-35 fuselage components and the GMARS rocket launcher system. A deeper US-German cooperation could alleviate bottlenecks in America’s defence industrial base while accelerating Europe’s own military capabilities.
Croatian Unmanned Vehicle Deal Closed
Rheinmetall also completed the closing of its majority stake in Croatian specialist DOK-ING on 1 July. The group now holds 51% of the company, which has been renamed Rheinmetall Unmanned Vehicles d.o.o. The joint venture will focus on developing unmanned wingman systems — uncrewed ground vehicles designed to accompany manned platforms.
The acquisition strengthens Rheinmetall’s portfolio in autonomous land systems, an area that is attracting growing interest from NATO armies seeking to reduce battlefield casualties.
Technicals Point to Room for Further Recovery
The stock’s rally follows a brutal June in which it plunged roughly 23.5%, triggered by the cancellation of the German Navy’s F126 frigate programme. On 25 June, Rheinmetall hit a 52-week low of €902.50. Since then, the shares have rebounded 11.16% in seven trading sessions.
Rheinmetall at a turning point? This analysis reveals what investors need to know now.
The relative strength index now sits at 40.9 — a neutral reading after recent oversold conditions, suggesting scope for additional gains. Traders are eyeing the resistance zone between €1,122 and €1,177. A sustained break above that area could snap the downtrend that has been in place since autumn 2025.
Still, the stock remains a long way from its 50-day moving average of €1,209.80 and even further from the 200-day line at €1,547.35 — gaps of roughly 13% and 32% respectively. Year-to-date, Rheinmetall is down 34.32% (or 35.50% per one source), and the shares currently trade nearly 47% below the 52-week high of €1,995 set in September 2025.
Guidance Hinges on Q2 Delivery
Management’s full-year targets add to the suspense. For 2026, Rheinmetall is aiming for revenue of up to €14.5 billion and an operating margin of around 19%. The second-quarter results, due to be released in the coming weeks, will be the first real test of whether the promised order momentum is translating into bottom-line performance. For now, the combination of a confirmed Ukrainian contract, a potentially transformative US partnership, and a completed acquisition has at least stopped the bleeding.
Ad
Rheinmetall Stock: New Analysis - 1 July
Fresh Rheinmetall information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
