Rheinmetall anticipates an increase in defense orders in the year's last quarter.

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Nov 06 2025

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Source: SeekingAlpha

Sales Performance: Rheinmetall reported third-quarter revenue of €2.78 billion, slightly below expectations, but nine-month sales increased by 20% year-over-year, with full-year growth projected at 25% to 30%.
Order Backlog and Future Contracts: Despite a dip in new orders due to government delays, the company's order backlog grew to €64 billion and is expected to reach €80 billion by year-end, with confidence in finalizing large defense contracts early next year.
Investment and Partnerships: Rheinmetall is investing in new factories and production partnerships, collaborating with companies like Lockheed Martin, and exploring joint ventures with Honeywell and Raytheon to enhance its defense capabilities.
Market Demand: The company is experiencing strong demand across Europe as NATO countries increase defense spending, positioning itself as a leader in producing ammunition, armored vehicles, and air-defense systems.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.