Rheinmetall is trading 4.3% up at €1096.20 on a record €73 billion backlog and significant defense contract momentum.
- The stock is extending a strong multi-day rebound from lows of approximately €984 reached last week.
- Sentiment is bolstered by sizeable Bundeswehr orders and laser systems contracts, even as margins and cash flow remain key points of focus.
- Contract-driven backlog strength is underpinning renewed investor interest despite wider market mixedness.