Rheinmetall Hands Over First Caracal Vehicles as Arson Probe and Abu Dhabi Jitters Weigh on Stock
Published on 11/01/2026 at 15:41 | Editorial boerse-global.de
Rheinmetall shares fell 2.0% on Friday to close at EUR 1,032.60, caught in a broad retreat across German defence names. Media reports pointed to nerves over planned Ukraine-Russia-US talks in Abu Dhabi, slated for November, as the main drag on sentiment. No company-specific announcement was cited as the trigger for the sector move.
Kassel-Calden Fire Under Investigation
The stock also traded against a backdrop of news that investigators are looking into suspected arson at a Rheinmetall construction site at Kassel-Calden airport. Three construction vehicles burned in the night to Friday, and additional machinery was damaged. Police were examining a purported claim of responsibility published online, while according to Tagesschau the domestic intelligence service was also involved in the probe. Authorities suspected arson, though no confirmed cause of the blaze has been announced.
Deutsche Bank Trims Target Ahead of Capital Markets Day
Earlier in the week, Deutsche Bank Research cut its price target on the stock to EUR 1,650 from EUR 1,800 while reaffirming its buy rating. Analyst Christoph Laskawi flagged an expectations dilemma ahead of the company's capital markets day, citing uncertainty over order intake and over a credible ramp-up through 2030.
Should investors sell immediately? Or is it worth buying Rheinmetall?
Caracal Deliveries Begin
On the operational front, Rheinmetall said Friday that it had handed over the first series-production Caracal vehicles to the German and Dutch armed forces, with the delivery itself having taken place on Thursday. The two countries are set to receive more than 1,500 vehicles in total by 2030, according to the company. The initial series handover is now complete, with further deliveries planned as scheduled.
Telford Gun Hall Opens
Rheinmetall opened its UK Gun Hall in Telford on 22 October, a facility intended for the independent manufacture of large-calibre weapons in Britain. The plant will produce weapon systems in 120 and 155 millimetre calibres.
Euronaval Preview and Q3 Date
Looking ahead, the company announced Friday that it will present its naval portfolio at Euronaval, running from 3 to 6 November 2026. The lineup includes the Kraken K3 unmanned surface system, the Millennium gun and the MASS decoy system. Rheinmetall's next confirmed financial reporting date is 5 November 2026, when it will publish its third-quarter 2026 report — a date that falls within the Euronaval window.
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