Rheinmetall has surpassed Volkswagen in market value, reaching €56.6 billion ($61.5 billion) as investor demand for defense stocks rises. European defense stocks have surged amid concerns over U.S. support for Ukraine and Europe’s increasing military spending commitments. Rheinmetall’s stock has more than doubled in 2024 and grown over twelve-fold since Russia’s 2022 invasion of Ukraine. Jefferies analysts rated Rheinmetall as a “buy” and its top pick, while Renk was also rated “buy” and Hensoldt “underperform”. Rheinmetall forecasts a 25% to 30% sales increase in 2025, following €10 billion in revenue for 2024.
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Rheinmetall CEO Armin Papperger suggested that Volkswagen’s Osnabrueck plant could be converted for military production, as Volkswagen explores repurposing or selling the site. Papperger expressed interest in acquiring car manufacturing sites, but emphasized that large defense orders, such as for Lynx infantry fighting vehicles, would be needed before making such an investment. Volkswagen announced in December 2024 that it was reviewing alternative uses for the plant, raising hopes that a sale could help preserve jobs. While Rheinmetall and Volkswagen already collaborate on military truck production, Papperger clarified that there is no formal plan for Osnabrueck yet. However, he stated that […]