Morningstar

German Arms Maker Rheinmetall Expects Sales to Reach $58 Billion in 2030

Provided by Dow Jones Nov 18, 2025, 8:47:00 AM

By Cristina Gallardo

German defense manufacturer Rheinmetall said it expects sales to reach about 50 billion euros ($57.96 billion) in 2030.

The company said Tuesday that this figure includes mergers and acquisitions, but excludes potential order wins in the U.S.

Rheinmetall had previously set a 2030 sales target in the range between 40 billion and 50 billion euros.

The group's operating margin should rise to more than 20% by the end of the decade, while its cash conversion rate should surpass 50% by 2030, it said.

The company is holding its capital markets day on Tuesday.

Write to Cristina Gallardo at cristina.gallardo@wsj.com

(END) Dow Jones Newswires

November 18, 2025 03:47 ET (08:47 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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