Rheinmetall Shares Crash 17% As Second Outlook Cut Hits German Defence Giant

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Shares of Rheinmetall fell nearly 17% on Thursday after the German defence group lowered its 2026 forecast for the second time since August. The company now expects sales of about €13.2 billion, below its earlier range of €13.7 billion to €14.2 billion, and an operating margin near 18.5% instead of 19%. Rheinmetall blamed delays to …