Rheinmetall shares rise as defense giant sees sales surging fivefold by 2030

Shares of Germany's Rheinmetall rose on Tuesday after the defense giant told investors to expect sales to quintuple over the next five years, boosted by robust demand for its weapons systems amid geopolitical tensions and the war in Ukraine.The company forecast sales of about 50 billion euros ($58 billion) by 2030, up from about 10 billion euros in 2024. It sees operating margin expanding to about 20%, up from 15.2% in 2024.Shares rose 3.4% to 1,782 euros Tuesday morning, topping the German blue-chip DAX in ...