Rheinmetall Cuts 2026 Sales Target Amid German Defense Delays
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German defense firm Rheinmetall has reduced its 2026 sales target for the second time this year, citing delays in key military contracts. The company now expects €14.9 billion in revenue, down from its previous forecast of €15.4-16 billion. The primary issue is a significant Boxer armored vehicle contract worth over €13.5 billion, which has been pushed into 2027. Additionally, there are delays in artillery ammunition deliveries, leading to a slight reduction in the operating profit margin target.
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German defense firm Rheinmetall cut its 2026 sales target for the seco...
German defense firm Rheinmetall cut its 2026 sales target for the seco...
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