NEW YORK (dpa-AFX Broker) – US bank JPMorgan has maintained its rating for Rheinmetall at "Overweight" with a price target of €2,250. The war in Ukraine has recently faded somewhat from the headlines, wrote David Perry on Sunday following a significant week for the European defense sector. The spotlight is now on the likely continued rise in US defense spending, military operations in Venezuela, and the Greenland issue. Perry identifies BAE Systems, Leonardo, and Qinetic as the initial beneficiaries of the US budget outlook. He intends to address Renk, Melrose, and Rolls-Royce at a later date./ag/ck
Original report published: 11.01.2026 / 23:01 / GMT
First distribution of the original report: 12.01.2026 / 07:36 / GMT
Rheinmetall AG specializes in the design, manufacture and marketing of equipment, components and solutions for the military and civilian industries. Net sales break down by family of products as follows:
- vehicle systems (38.7%): multi-purpose wheeled and tracked vehicles (tactical military vehicles, support vehicles, logistics vehicles and special vehicles);
- weapon and ammunition systems (26%): automatic cannons for land, air and sea vehicles, smooth-bore weapons, artillery systems, smart projectiles, high-energy lasers, etc.;
- sensors, actuators and power systems (20.8%): actuators, exhaust gas recirculation systems, throttle valves, exhaust gas dampers for electric motors, solenoid valves, pumps, etc. used in thermal and fluid management applications in the mobility and industrial sectors;
- electronic solutions (13.5%): sensors and networking systems, cyberspace protection solutions, air defense systems, radar systems, technical documentation solutions, integrated electronic systems, drones and automated ground robots, training and simulation solutions;
- other (1%).
Net sales are distributed geographically as follows: Germany (30.4%), Europe (46.6%), Asia and Middle East (9.6%), Americas (7.6%) and other (5.8%).
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