Rheinmetall has showcased its new FV-014 loitering munition to a potential NATO customer.

Italy has approved the start of production at German defence company Rheinmetall’s plant on the island of Sardinia, the company said.

German defense company Rheinmetall said on Tuesday it has signed a technology supply agreement with Polish deep-tech firm SATIM Monitoring Satelitarny to support SPOCK-1, a next-generation satellite reconnaissance program for the German armed forces.

German defence company Rheinmetall AG is set to expand its ammunition production capacity with a new state-of-the-art facility in Latvia, producing 155 mm artillery shells. A Memorandum of Understanding (MoU) for the project was signed in Hamburg in the presence of Latvian Prime Minister Evika Silina.

Rheinmetall AG is opening Europe’s largest ammunition production facility, following a brief delay.

Rheinmetall (RHMG.DE), the German defense manufacturer known for tanks, grenades, and infantry fighting vehicles, reported second-quarter sales and profit below market expectations on Thursday, citing delays in German defense contract awards. Despite this, the company reaffirmed its full-year sales growth forecast, anticipating a surge in orders in the second half of the year.

European defense company shares plummeted on Monday, erasing some of their year-to-date gains, as a sharp selloff in equities, triggered by U.S. President Donald Trump’s sweeping tariffs, intensified.

Rheinmetall, Europe's largest ammunition manufacturer, has surpassed Volkswagen, the continent’s leading carmaker, in market valuation.

An explosion at an ammunition factory in Spain on Thursday left six people injured, with one in serious condition.

Ukraine's Defense Ministry has awarded Rheinmetall a contract to deliver an additional 180,000 rounds of 35mm ammunition for Gepard anti-aircraft systems.