Rheinmetall AG

RHM: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Rheinmetall: Near-Term Jitters, Long-Term Firepower

Loredana Muharremi

Jun 2, 2026

After strong outperformance since 2022, Rheinmetall has recently lagged defense peers, with the pullback coinciding with procurement delays, weaker upfront payments, and growing concern that ammunition demand may normalize after peace talks.

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Rheinmetall AG

Rheinmetall: Near-Term Jitters, Long-Term Firepower

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