Rheinmetall is trading 4.2% up today at €1188 after securing a multi-million euro UK subcontract to supply weapon systems for the British Army’s new RCH 155 wheeled howitzers.
- The contract is valued in the low three-digit million euro range, marking a significant expansion of the company's defense footprint in the UK.
- Shares are also benefiting from broader strength in the defense sector, which is up approximately 2% amid robust missile production deals and a constructive industry outlook.