Rheinmetall AG Stock Today (27 November 2025): NATO Drone Deal and Technical Rebound Put RHM Back in Focus

Rheinmetall AG (RHM.DE) is back in the spotlight on Thursday, 27 November 2025, as a fresh NATO drone order, a tentative technical rebound and new labour headlines collide to shape sentiment around one of Europe’s most closely watched defence stocks.

Below is a structured overview of how Rheinmetall’s share price is trading today, what the latest news actually is, and how it fits into the broader story.

Rheinmetall share price today: modest bounce after a brutal correction

Intraday move

On Xetra, Rheinmetall shares were trading around €1,511 late morning, up about 1.0% versus Wednesday’s close of €1,495.50. ^[1]
Real‑time quotes from German platforms such as FinanzNachrichten and regional exchanges show prices fluctuating in roughly the €1,505–1,520 range during the late morning session, confirming a mild green day for the stock. ^[2]

Context versus recent trading

Rheinmetall hit a record high around €2,008 in early October and then slid to lows near €1,431 this week — a drawdown of close to 30% from the peak, despite still being up around 140% over the last 12 months. ^[3]
XTB notes that after this sell‑off, the stock now trades roughly a quarter below its historical highs, and that defence stocks more broadly are trying to stabilise after recent pressure. ^[4]

In other words: today’s move is a bounce, not a new breakout. But it’s happening against a backdrop of fresh news that investors can’t ignore.

Today’s key Rheinmetall headlines (27 November 2025)

Based on major financial and defence media as of 27 November 2025, the main Rheinmetall‑related stories are:

Chart analysts see “rally chances” back towards €2,000
- 4investors highlights that a long‑awaited rebound in Rheinmetall’s share price “seems to be underway”, with Tradegate showing about €1,513.50 on Thursday morning versus a €1,495.50 Xetra close on Wednesday. ^[5]
- The piece frames today’s move as an attempt to reclaim a gap zone between €1,493 and €1,512, with the 200‑day moving average around €1,551.50 acting as the next key hurdle. ^[6]
“Stabilisation after correction” as HERO drone order comes into focus
- Der Aktionär and FinanzNachrichten describe a “stabilisation attempt after the correction”, noting that Rheinmetall was the strongest performer among major German defence names (Rheinmetall, Hensoldt, Renk) when they bounced on Wednesday. ^[7]
- The coverage explicitly links today’s interest in the stock to a new order for HERO loitering munitions from a NATO customer.
NATO orders several hundred HERO loitering munitions
- Rheinmetall’s own press release (published yesterday) confirms that a NATO member has ordered several hundred HERO loitering munition systems, in a package worth “low three‑digit‑million euro” (hundreds of millions of euros). Deliveries start in Q1 2026 and run through the end of 2026. ^[8]
- Defence outlets such as Army Recognition and DEFCROS flesh this out, emphasising that production will be handled by RWM Italia in cooperation with UVision, and that the order underscores NATO’s growing reliance on precision loitering munitions. ^[9]
Market commentary: “peace fears” weigh on defence valuations
- German outlet Focus writes that it is not weak numbers but “Friedensangst” (fear of peace) – investor worries about a potential ceasefire in Ukraine – that has been depressing share prices of Rheinmetall and other defence names. ^[10]
- A leveraged‑ideas piece syndicated via FinanzNachrichten and wallstreet‑online argues that German defence stocks like Rheinmetall and Renk have been “under selling pressure”, prompting some traders to look for opportunities elsewhere – though it frames this more as a tactical shift than a death sentence for the sector. ^[11]
Local labour shock: KS Gleitlager sale puts jobs at risk
- Regional outlet Ostfriesen‑Zeitung reports “great unrest” in Papenburg, where Rheinmetall’s automotive subsidiary KS Gleitlager is slated for sale. Trade union IG Metall and the works council warn that hundreds of jobs could be at risk, and employees are mobilising against the plan. ^[12]
DAX context: macro and Ukraine headlines still driving flows
- A DAX‑Check segment from Der Aktionär TV notes that the DAX has been recovering, boosted by rate‑cut hopes and hints of progress in Ukraine diplomacy. Rheinmetall is among several blue chips in focus in this live segment. ^[13]
- XTB’s intraday note describes a weak German equity session today, with the DE40 drifting lower but defence stocks, including Rheinmetall, attempting to stabilise after their sharp declines. ^[14]

These headlines set the frame: tactical rebound + big drone order + political & labour noise.

HERO drone mega‑order: why investors care

The biggest fundamental catalyst around Rheinmetall this week is clearly the HERO loitering munition deal.

Deal facts

According to Rheinmetall and specialist defence media:

A NATO member state has ordered several hundred HERO loitering munitions. ^[15]
The total contract value is described as being in the “low three‑digit‑million euro” range, i.e. hundreds of millions of euros. ^[16]
Deliveries are scheduled from early 2026 through the end of that year. ^[17]
Production will take place at RWM Italia (Rheinmetall’s Italian arm), in partnership with UVision Air, which developed the HERO family. ^[18]

Strategic significance

Defence outlets point out several reasons the order matters beyond the headline revenue: ^[19]

It cements Rheinmetall’s role in the fast‑growing loitering munitions market, which has become central to modern warfare in Ukraine and elsewhere.
The systems ordered span the HERO 30 / 120 / 400 family, covering everything from light infantry use up to long‑range strikes on hardened targets – showcasing the breadth of Rheinmetall’s drone offering.
The deal fits into a broader strategy where Rheinmetall not only sells drones but also builds counter‑drone and air‑defence systems like Skyranger, as well as high‑energy laser systems – giving it exposure to both offence and defence in this niche.

On the market side, RTTNews notes that the NATO order coincided with a 0.8% rise in Rheinmetall’s U.S. OTC shares (RNMBY) to around $344 on Wednesday, underlining that the story is being watched by global investors, not just those in Frankfurt. ^[20]

Technical picture: can Rheinmetall reclaim €2,000?

Today’s bounce looks small, but technical analysts see an important battle playing out on the chart.

Key levels from 4investors’ chart check

4investors lays out a detailed technical roadmap: ^[21]

Gap resistance: The stock needs to sustainably clear the gap zone between €1,493 and €1,512. Today’s intraday prices sit right on top of this area.
200‑day moving average: The next big test is the 200‑day line around €1,551.50. A close back above this level would strengthen the idea that the sell‑off is ending rather than just pausing.
First heavy resistance band: Between roughly €1,640–1,668, with further resistance around €1,690. This zone previously acted as support and is now a “make‑or‑break” region for any deeper rally.
Bullish scenario: If the stock can reclaim €1,800–1,840, the path could open back towards the twin top zone around €1,944–2,008, effectively re‑testing the record highs.
Bearish scenario: If the recent lows around €1,431–1,436 fail, the next supports are layered in the €1,403–1,417 and €1,308–1,322 regions, where profit‑taking by long‑term holders could accelerate.

In short, today’s bounce is step one – re‑entering the established sideways channel. Bulls now need follow‑through above €1,550 and then €1,640+ to argue for a real trend reversal.

Fundamentals: backlog remains huge despite order delays

Technical noise aside, Rheinmetall’s valuation still hangs on the fundamentals reported earlier this month.

Q3 2025 snapshot

In its Q3 2025 report, Rheinmetall highlighted:

Group sales of €7.5 billion for the first nine months of 2025, up around 20% year‑on‑year.
A defence segment that grew by almost one third, reflecting sustained demand driven by the Ukraine war and broader NATO rearmament.
An order backlog approaching €64 billion, offering multi‑year revenue visibility.
An operating result of roughly €835 million, up about 18%, with an operating margin around 11%.
Guidance for 2025 was confirmed, even as some contracts slipped due to delays in Germany’s federal budget.

MarketScreener and Morningstar both note that while some orders were pushed back by political timing in Berlin, the structural demand story remains intact, supported by higher defence budgets and long‑term programmes.

Valuation and market cap

Investing.com and other data providers show Rheinmetall has delivered roughly a 140% 12‑month return, with a 52‑week range between about €593 and €2,008.
Capital.com estimates the group’s market capitalisation at about $69.4 billion as of 27 November 2025, putting it among the largest listed defence companies globally.
According to German investor discussion and analyst data aggregated by wallstreet‑online, at prices around €1,450–1,500 the stock trades on an estimated 2025 P/E multiple in the low‑40s, falling to roughly 20–24x 2026 earnings on current consensus forecasts.

Some valuation tools (for example Simply Wall St) even argue the stock is “around 20–25% undervalued” relative to their fair‑value models, but that assumes Rheinmetall continues to execute on its large pipeline without major political shocks.

Why “peace risk” has suddenly become a key theme

The phrase “Friedensangst” – fear of peace – has been making the rounds in German financial media this month.

Ukraine talks and sector‑wide sell‑offs

A Reuters piece on 19 November reported that European aerospace and defence stocks, including Rheinmetall, dropped between 4% and 7% in a single session after signs of a U.S.‑led push to restart talks to end the Russia‑Ukraine war.
Another note tracking the STOXX Europe Targeted Defence index reported the index down about 2%, with Rheinmetall off nearly 5%, as investors questioned how long the defence “super‑cycle” can last if diplomacy advances.

Focus and other German outlets tie this to a shift in market narrative: instead of worrying that defence budgets might not be high enough, traders now worry that any hint of peace might cap growth and compress multiples for names like Rheinmetall.

How today’s rebound fits in

Putting it together:

Macro backdrop: The DAX has rallied sharply this week on rate‑cut hopes and Ukraine news, before pausing today.
Sector backdrop: Defence names have been under pressure for days, but today’s moves – helped by the NATO drone deal and bargain‑hunting – look more like a technical counter‑rally than a fundamental rerating.

Investors appear to be recalibrating Rheinmetall from a “pure war trade” towards a longer‑term defence infrastructure play, but that is a process, not a single headline.

Industrial footprint and workforce concerns: KS Gleitlager

Away from the stock chart, Rheinmetall is also dealing with sensitive labour issues that could influence its public image and local relationships:

Ostfriesen‑Zeitung reports that KS Gleitlager, a Rheinmetall automotive subsidiary in Papenburg, is slated for sale.
Works council leaders and IG Metall fear that several hundred jobs could be at risk, prompting employees to organise and “fight back” against the plans.

While this is a small piece of the group in financial terms, such restructurings matter politically – especially for a defence company that relies heavily on government goodwill and public support.

How Rheinmetall stock looks after today’s session

Pulling all these strands together, here’s where things stand for Rheinmetall AG on 27 November 2025:

Price action: The stock is up roughly 1% today, but still about 25–30% below its early October highs, after a multiyear rally that left it more than double its level a year ago.
News flow:
- A major NATO HERO drone order – worth hundreds of millions of euros – reinforces Rheinmetall’s position at the cutting edge of drone warfare technology.
- Technical commentators see a credible chance of a rally if the stock can hold above the gap zone and reclaim its 200‑day line.
- At the same time, “peace risk”, regulatory scrutiny and local job fears (KS Gleitlager) remind investors that political and social factors can hit the share price just as hard as quarterly numbers.
Fundamentals: A €64 billion‑plus backlog, double‑digit sales growth and a strong defence margin suggest the business itself is still in expansion mode, although cash flow and contract timing can be lumpy.
Valuation: Even after the pullback, Rheinmetall trades on elevated earnings multiples, but forward estimates and some valuation models argue that the share may be undervalued if current growth and margins prove sustainable.

For investors and traders following Rheinmetall, today’s session is best seen as an inflection test:

If follow‑through buying appears in the coming days, supported by additional contract announcements or positive political signals, the bull case of a resumed uptrend towards €2,000 gains credibility.
If the bounce fizzles and the stock slips back towards the low‑€1,400s, the market may still be in the process of repricing the end of “war premium” in European defence stocks.

As always, this is not investment advice. Anyone considering Rheinmetall should weigh geopolitical risk, ethical considerations, position sizing and personal risk tolerance, and – ideally – consult a licensed financial adviser.

NATO's 5% Defense Plan Who Wins Rheinmetall's HUGE Surge!