Rheinmetall shares slightly higher: anti-aircraft defense contract received from Rome

Germany’s largest arms company announced in Düsseldorf that it had received an order from Italy initially worth 73 million euros.

It’s a system with a sensor unit for airspace surveillance, an operations center and four 35-millimeter guns that, according to the information, can fire up to 1,000 rounds per minute. The contract includes the option for three additional systems – in total, Rheinmetall could receive almost 280 million euros. Delivery of the first pilot system is expected to be completed by mid-2026.

Rheinmetall has already sold a slimmed-down version of Skynex to Romania, without cannons – Romania continues to use its existing anti-aircraft cannons, but is modernizing its systems with Rheinmetall components. Skynex is also already in use in Ukraine.

The order from Italy plays a special role, as reference customers in the Defense industry are important. The treaty with Rome could therefore prove to be a door opener for air defense deals with other NATO states.

Rheinmetall shares initially fell slightly via XETRA, but now there is a temporary gain of 0.31 percent to 657 euros on the price board.

/wdw/DP/stk

DÜSSELDORF/ROM (dpa-AFX)

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