Leonardo DRS' share price grew 10.8% last year while Rheinmetall's grew 228%. Rheinmetall outpaces Leonardo DRS' revenue growth rate with a CAGR of 30% since 2023.
The Rheinmetall share price has lost momentum in the past few months and has formed a risky pattern, pointing to an eventual pullback in the near term. RHM stock was trading at €1,543, down by 23% from its highest point this year.
German defence company Rheinmetall has partnered with satellite maker ICEYE to fulfil a 1.7-billion-euro ($2 billion) order from the German army for the space sector, it said in a statement on Thursday.
The arms and automotives maker said Wednesday that it was choosing between two bidders after launching talks with potential buyers in April.
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