Rheinmetall shares plunge 17% after outlook cut as military contracts stall
Summary
German defense company Rheinmetall saw its stock drop significantly following a reduction in its long-term financial guidance. The downward revision was attributed to setbacks in German military initiatives and postponed shipments of artillery ammunition.
Rheinmetall cut its 2026 outlook for the second time in three months, citing delays to German military projects and artillery ammunition deliveries.
Source: Read the full story at US Top News and Analysis
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