Rheinmetall launches first satellite. Rheinmetall stock sits 51.10 percent below its high

Published on 10/05/2026 at 14:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 39 percent to EUR 3.37 billion in the second quarter of 2026. Rheinmetall stock costs EUR 964.40 after EUR 960.70 on October 5, 2026.

Isometrisches 3D-Werks-Diorama mit Fließband und CNC-Maschine im Low-Poly-Stil — Rheinmetall AG (DE0007030009) isometrisches 3D-Werks-Diorama mit Fließband, CNC-Maschine und Hallenkran im modernen Low-Poly-Stil, Illustration mit AI erstellt.

Rheinmetall stock was trading at EUR 964.40 at Lang & Schwarz on October 5, 2026 at 2:08 p.m. CEST, up 0.39 percent versus the prior close of EUR 960.70. On October 1, 2026, Rheinmetall launched its first satellite for military air defence surveillance, according to Rheinmetall. The price stood 51.10 percent below its 52-week high of EUR 1,972.00.

Satellite expands defense technology

The satellite launch adds space-based airspace surveillance to Rheinmetall's defense technology portfolio. The company said the mission is intended to build satellite-based capabilities for airspace monitoring and situational awareness, linking the new activity directly to its Air Defence division.

The move broadens the industrial story beyond armored vehicles, weapons and ammunition. It also gives the market a concrete example of the space technology expansion outlined by CEO Armin Papperger in September, although the October 1 launch itself is the latest dated operating milestone.

Second-quarter growth meets cash pressure

Rheinmetall generated EUR 3.37 billion in revenue in the second quarter of 2026, up 39 percent from the second quarter of 2025, while net income rose 109 percent to EUR 293.0 million, according to Simply Wall St. That combination gives the satellite initiative a stronger financial backdrop than a standalone technology announcement.

The same second-quarter review put operating cash flow at negative EUR 1.11 billion and pointed to a EUR 6.20 billion inventory buildup. For investors, the contrast matters: revenue growth is accelerating, but converting defense demand into cash remains a central execution measure.

Targets remain above the market price

Rheinmetall's 2026 sales guidance stands at EUR 13.7 billion to EUR 14.2 billion after a EUR 300 million reduction, while the company retained its 19 percent operating-margin target, according to Simply Wall St. The next quarterly results are scheduled for November 5, 2026, according to Rheinmetall.

Simply Wall St reported on September 8, 2026 that its analyst price target had been cut by EUR 136.86 to EUR 2,363.14. At EUR 964.40, the price lies 59.19 percent below that target, leaving valuation expectations far above the current quote while execution and cash conversion remain the more immediate checks.

Rheinmetall stock stays below its yearly high

At 2:08 p.m. CEST on October 5, 2026, Rheinmetall was trading at EUR 964.40 at Lang & Schwarz, plus 0.39 percent versus the prior close of EUR 960.70. The further course of trading is shown by the continuously updated real-time quote of Rheinmetall stock.