German defense company Rheinmetall lowered its 2026 sales forecast to around 13.2 billion euros from 13.7-14.2 billion euros and reduced its expected operating margin to 18.5% due to delays in military contracts and ammunition testing. This is the second guidance cut since August, following Germany's cancellation of a major warship order. Despite strong Q3 sales and profit growth, investor concerns have risen about traditional defense technology amid these setbacks. Rheinmetall's shares have fallen about 35% year-to-date after years of gains driven by increased European military spending.
Rheinmetall's outlook cuts provide context for readers. For those tracking Industrials, here is Pluang's market snapshot as of Nov 05, 2026 15:01 WIB: Of 135 priced US Industrials stocks, 58 rose and 71 fell. Notable movers include W W Grainger Inc (GWW) at USD 1,491.00 with a 1-day change of +6.65%, APi Group Corporation (APG) at USD 43.88 down -5.38%, and JetBlue Airways Corporation (JBLU) at USD 3.73 up +4.78% with Pluang order activity showing 96% sell and 4% buy.
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