Defense giant Rheinmetall plunges 16% after cutting outlook on stalled military contracts

Rheinmetall, a German defense firm, cut its 2026 sales outlook for the second time in three months. CNBC reported the company cited delays to German military projects and artillery ammunition deliveries, while Bloomberg reported the delays involved the Boxer armored vehicle program, with orders expected to shift into the following year. The company's shares fell 16 percent following the announcement.

• CNBC — Defense giant Rheinmetall plunges 16% after cutting outlook on stalled military contracts
• Bloomberg — Rheinmetall Cuts 2026 Sales Guidance, Shares Plunge

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