Rheinmetall Targets Beat Expectations as Wars Drive Military Spending
Nov. 21, 2023 4:40 am ET
Rheinmetall set higher-than-expected 2026 gross sales and profitability targets Tuesday, pushed by demand for navy gear attributable to persevering with worldwide warfare.
The German weapons maker mentioned it expects between 13 billion and 14 billion euros in income ($14.22 billion-$15.32 billion) in 2026. It is concentrating on an working revenue margin of greater than 15%.
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