German defence contractor Rheinmetall (RNMBY) has forecast that its sales will increase fivefold by 2030 as it sees growing demand for its weapons systems amid geopolitical tensions.
The company has forecast sales of about 50 billion euros ($58 billion U.S.) by 2030, up from 10 billion euros in 2024.
The sales growth will largely be driven by its military vehicle systems, weapons, and ammunition businesses.
Management also expects Rheinmetall’s operating margin to expand to about 20%, up from 15% in 2024.
Like many defense contractors, Rheinmetall is benefiting from Europe’s increased defence spending amid Russia’s ongoing invasion of Ukraine.
Earlier this year NATO allies agreed to increase their defense spending to 5% of gross domestic product (GDP) by 2035, up from a previous target of 2%.
Rheinmetall’s sales have nearly doubled over the last three years and shares have risen about 190% so far in 2025. The stock is up about 900% over the past three years.
The growth forecast from Rheinmetall comes as the company reorganizes its business units, creating new naval and air defense segments that are forecast to bring in nine billion euros in sales by 2030.
Tech Insider
