European defence
Rheinmetall Becomes a One Stop Shop for Defence

From Serge Nussbaumer, Head Public Solutions and capital markets expert at Maverix Securities AG 4 min Reading Time

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Rheinmetall is evolving into a fully integrated European defence and security group, supported by record order backlogs, expanding margins, and strategic growth across all military domains.

Rheinmetall continues to expand its role as a European defence supplier through growth in land, air, naval, and digital systems.(Source:  Sepp Meier on Pixabay)
Rheinmetall continues to expand its role as a European defence supplier through growth in land, air, naval, and digital systems.
(Source: Sepp Meier on Pixabay)

Rheinmetall remains one of the most structurally compelling European defence stocks. At first glance, the first quarter of 2026 did not deliver spectacular headline figures. On closer inspection, however, the results provide robust evidence that the group has entered the next phase of its transformation. The company is moving away from cyclical project business towards a broadly positioned European defence and security champion with high visibility, growing industrial depth, and increasing profitability.