Is Rheinmetall stock a buy after the Luchs 2 turret order?

The Luchs 2 contract adds multi‑year revenue visibility and supports utilization, which is positive. Valuation is demanding on TTM metrics, so execution must stay strong. We view pullbacks driven by index pressure as potential entry points, provided order intake, margins, and cash conversion track expectations into and after March 11.

What are the key catalysts into the March 11 results date?

Watch FY 2025 EPS versus the €27.29 consensus, order intake across Vehicle Systems and Weapon and Ammunition, and visibility on 2026 deliveries. Also track cash conversion, working capital, and capex plans. Any color on Luchs 2 phasing and training revenues can shift margin expectations and influence near‑term sentiment.

How should Swiss investors approach currency when buying RHM.DE?

Rheinmetall trades in euros, so CHF‑based investors face EUR exposure. You can accept currency risk, hedge at the portfolio level, or use EUR cash for settlement if available. Match your holding period with your hedge horizon, and reassess after results when volatility and spreads can widen.

What risks could pressure RHM.DE near term?

Index‑led selloffs in DAX 40 movers, supply‑chain or certification delays, and weaker cash conversion could weigh on shares. Valuation is sensitive to growth disappointments. A miss versus the €27.29 EPS view or softer 2026 guidance could compress multiples, especially if order phasing pushes revenue recognition further out.

Global Market Insights

RHM.DE Stock Today: Luchs 2 Turret Deal vs DAX Drag – February 22

ByDanny Kontos February 22, 2026February 22, 2026

Rheinmetall stock is in focus as a nine‑figure‑euro Luchs 2 turret order meets softer DAX trade. On Friday, RHM.DE slipped about 0.5% on Xetra while investors weighed fresh contract wins against index pressure and the March 11 results date. We look at what the CT‑025 turrets deal means for revenue visibility through 2031, how sentiment around DAX 40 movers can sway near‑term price action, and why consensus 2025 EPS of €27.29 is the key test for Swiss investors tracking defense exposure in EUR.