# Rheinmetall's defence orders surge, 2027 rebound forecast > Live situation record from CLSTR: https://clstr.news/situations/rheinmetall-defence-outlook-and-contracts > Updated: 2026-08-19T04:58:37.000Z. Sources: 33. Developments: 8. Analysts continue to see a turnaround for European defence stocks, with Morningstar’s Loredana Muharremi projecting a market upswing by late-2026 and a pronounced rebound in 2027 as German framework agreements convert to firm contracts. Rheinmetall’s share price remains significantly below its early-2025 peak. Q2 2026 results confirmed a 69% year-on-year revenue rise to €3.289 billion and an operating profit of €562 million, which was approximately 20% above analyst expectations. The company’s order backlog reached €80.5 billion by the end of the second quarter, supported by a €5.7 billion Romanian order, a UK order for 72 RCH-155 artillery systems, a US Army Project Sustainment award, and an 18-month Pentagon contract for autonomous hybrid unmanned ground vehicles. Rheinmetall has set a target to reach a backlog of between €100 billion and €120 billion by the end of 2026. Expanding its maritime footprint, Rheinmetall secured a multi-million euro contract from the Danish Armed Forces to supply its MASS (Multi Ammunition Softkill Systems) decoy system for Absalon-class and Iver Huitfeldt-class frigates, with deliveries starting in Q4 2027. In August 2026, the company strengthened ties with the Bundeswehr through an expanded order for Modular Medical Facilities (MSE). This new call-off includes 149 systems valued at over €500 million, bringing the total to 165 units with a gross value exceeding €600 million; production is expected to begin in Q1 2027. In the United Kingdom, Rheinmetall is expanding its footprint through the Raytheon UK-led Omnia consortium, securing a share of the £2 billion Army Collective Training Service (ACTS) programme valued at nearly €1 billion. Additionally, the company opened the Advanced Land Autonomy Centre of Excellence (ALACOE) in the UK to focus on autonomous systems using PATH AI-enabled technology for complex or GPS-degraded environments. Technological development has also accelerated. ## Claims - Rheinmetall Q2 revenue rose 69% to €3.289 billion. (single source) - Rheinmetall's order backlog exceeded €80 billion. (single source) - Rheinmetall secured a €5.7 billion contract from Romania. (single source) - Knorr‑Bremse Q2 revenue increased 7.2% to €2.143 billion. (single source) - Knorr‑Bremse recorded a €7.9 billion order book, a record for the company. (single source) - Saxony Guarantee Bank will launch a 24‑hour guarantee service for SMEs on 3 August 2026, limited to €375 000 per guarantee. (single source) - Stabilus SE Q3 FY2026 revenue was €299.5 million, down 5.2% year‑on‑year. (single source) - Knorr‑Bremse set a 2030 target of €10 billion revenue and about 16% operating margin. (single source) ## Timeline ### 2026-08-19: Rheinmetall expands UK defence footprint with training contracts and autonomy centre Rheinmetall and Calian UK have secured major roles in the British Army’s £2 billion training programme, while Rheinmetall also opened a new UK-based centre for autonomous land systems. 2 sources. https://clstr.news/cluster/rheinmetall-expands-uk-defence-footprint-with-training-contracts-and-autonomy-centre ### 2026-08-19: Rheinmetall develops new armored vehicles and drone launch systems Rheinmetall is developing advanced defense systems, including the Fuchs EVO armored vehicle equipped with JAGM missiles and a modular launcher for FV-014 kamikaze drones capable of mobile deployment. 2 sources. https://clstr.news/cluster/rheinmetall-develops-new-armored-vehicles-and-drone-launch-systems ### 2026-08-18: Rheinmetall secures defense contracts in Denmark and Germany Rheinmetall secures a Danish contract for ship protection systems and expands its German Bundeswehr order for mobile medical rescue stations, driving its record backlog toward €80.5 billion. 6 sources. https://clstr.news/cluster/rheinmetall-secures-defense-contracts-in-denmark-and-germany ### 2026-08-16: Rheinmetall and Hensoldt secure major German defense orders Rheinmetall secured a record €500 million+ order from the Bundeswehr for mobile medical stations, while Hensoldt reported a record €10 billion order backlog. 15 sources. https://clstr.news/cluster/german-defense-firms-hensoldt-and-rheinmetall-secure-major-bundeswehr-contracts ### 2026-08-14: Rheinmetall secures multi-million euro naval defense contract from Denmark Rheinmetall has received a multi-million euro order from Denmark to supply MASS decoy systems for naval protection, boosting the company's stock price. 5 sources. https://clstr.news/cluster/rheinmetall-secures-multi-million-euro-naval-defense-contract-from-denmark ### 2026-08-02: Rheinmetall posts 69% revenue jump and lands major NATO contracts Rheinmetall’s Q2 revenue surged 69% to €3.3bn with new NATO orders; Knorr‑Bremse posted a 7.2% sales rise and a €7.9bn order book; Saxony’s Guarantee Bank will offer a 24‑hour SME guarantee service from Aug 202 7 sources. https://clstr.news/cluster/rheinmetall-reports-69-revenue-surge-lands-large-nato-contracts ### 2026-07-20: Rheinmetall secures €100 million Bundeswehr digitalisation contract Rheinmetall won a €100 million Bundeswehr contract to digitalise its land‑based vehicle fleet, part of a €1.2 billion ten‑year framework, while its stock remains under pressure. 2 sources. https://clstr.news/cluster/rheinmetall-secures-100-million-bundeswehr-digitalisation-contract ### 2026-07-19: Rheinmetall set for 2027 rebound as analysts forecast defence sector upswing Analysts predict German arms maker Rheinmetall’s shares will rebound by 2027 after a 46% drop, citing rising German procurement and strong valuations alongside BAE and Leonardo. 2 sources. https://clstr.news/cluster/rheinmetall-set-for-2027-rebound-as-analysts-forecast-defence-sector-upswing --- Cite as: Rheinmetall's defence orders surge, 2027 rebound forecast. CLSTR, https://clstr.news/situations/rheinmetall-defence-outlook-and-contracts