Geopolitics Alpha

Rheinmetall cuts 2026 sales and margin guidance

Published . Updated .

Key takeaways

  • Exposed: ITA, XAR, NOC, LMT, LHX
  • Market reaction: XAR −3.3% on the day (still updating); ITA −1.3% on the day (still updating); LHX −7.7% on the day (still updating)

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GEOPOLITICS ALPHARheinmetall cuts 2026 sales andmargin guidanceRNMBYGEOPOLITICS ALPHA

This report is about defense.

Directly affected

  • RNMBY Rheinmetall (ETR: RHM)

    Named in this report.

Indirectly affected

  • ITA iShares U.S. Aerospace & Defense ETF+1.1% 30d

    iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “rheinmetall” (defense) in this story.

  • XAR SPDR S&P Aerospace & Defense ETF-4.4% 30d

    SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “rheinmetall” (defense) in this story.

  • NOC Northrop Grumman+7.0% 30d

    Northrop Grumman (search, detection, navigation, guidance, aeronautical sys): defense contractors gain when military spending rises. Linked by “rheinmetall” (defense) in this story.

  • LMT Lockheed Martin+21.8% 30d

    Lockheed Martin (guided missiles and space vehicles and parts): defense contractors gain when military spending rises. Linked by “rheinmetall” (defense) in this story.

  • LHX L3Harris Technologies+10.7% 30d

    L3Harris Technologies (search, detection, navigation, guidance, aeronautical sys): defense contractors gain when military spending rises. Linked by “rheinmetall” (defense) in this story.

  • RTX Rtx+5.4% 11d

    Rtx (aircraft engines and engine parts): defense contractors gain when military spending rises. Linked by “rheinmetall” (defense) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
RNMBYNon-US listing (OTC); price checks may stay empty———————
ITA-4.02%-3.08%base-1.30%after closeafter closeafter close
XAR-3.84%-2.83%base-3.29%after closeafter closeafter close
NOC+0.45%+1.37%base-4.93%after closeafter closeafter close
LMT-1.51%-0.41%base-7.38%after closeafter closeafter close
LHX-6.12%+0.00%base-7.70%after closeafter closeafter close
RTX-3.80%-1.96%base-3.14%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Rheinmetall cuts 2026 sales and margin guidance Reuters

Source: Reuters

IShares U.S. Aerospace & Defense ETF (ITA) since “Rheinmetall cuts 2026 sales and margin guidance,” compared with the market

CompanyWhenMoveStatus
IShares U.S. Aerospace & Defense ETF (ITA)that day-1.30%still updating
IShares U.S. Aerospace & Defense ETF (ITA)three days earlier-3.08%final price
IShares U.S. Aerospace & Defense ETF (ITA)five days earlier-4.02%final price
L3Harris Technologies (LHX)that day-7.70%still updating
L3Harris Technologies (LHX)three days earlier0.00%final price
L3Harris Technologies (LHX)five days earlier-6.12%final price
Lockheed Martin (LMT)that day-7.38%still updating
Lockheed Martin (LMT)three days earlier-0.41%final price
Lockheed Martin (LMT)five days earlier-1.51%final price
Northrop Grumman (NOC)that day-4.93%still updating
Northrop Grumman (NOC)three days earlier+1.37%final price
Northrop Grumman (NOC)five days earlier+0.45%final price
Rtx (RTX)that day-3.14%still updating
Rtx (RTX)three days earlier-1.96%final price
Rtx (RTX)five days earlier-3.80%final price
Spdr Series Trust (XAR)that day-3.29%still updating
Spdr Series Trust (XAR)three days earlier-2.83%final price
Spdr Series Trust (XAR)five days earlier-3.84%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around IShares U.S. Aerospace & Defense ETF (ITA)

Companies carried with this story

  • ITA IShares U.S. Aerospace & Defense ETF

    In “Rheinmetall cuts 2026 sales and margin guidance,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “rheinmetall” (defense) in this story

  • XAR Spdr Series Trust

    For “Rheinmetall cuts 2026 sales and margin guidance,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “rheinmetall” (defense) in this story

  • NOC Northrop Grumman

    For “Rheinmetall cuts 2026 sales and margin guidance,” Northrop Grumman (NOC) is linked, with no stored direction, medium confidence. Reason on file: Northrop Grumman (search, detection, navigation, guidance, aeronautical sys): defense contractors gain when military spending rises. Linked by “rheinmetall” (defense) in this story

  • LMT Lockheed Martin

    In “Rheinmetall cuts 2026 sales and margin guidance,” Lockheed Martin (LMT) is linked, with no stored direction, medium confidence. Reason on file: Lockheed Martin (guided missiles and space vehicles and parts): defense contractors gain when military spending rises. Linked by “rheinmetall” (defense) in this story

  • LHX L3Harris Technologies

    For “Rheinmetall cuts 2026 sales and margin guidance,” L3Harris Technologies (LHX) is linked, with no stored direction, medium confidence. Reason on file: L3Harris Technologies (search, detection, navigation, guidance, aeronautical sys): defense contractors gain when military spending rises. Linked by “rheinmetall” (defense) in this story

  • RTX Rtx

    For “Rheinmetall cuts 2026 sales and margin guidance,” Rtx (RTX) is linked, with no stored direction, medium confidence. Reason on file: Rtx (aircraft engines and engine parts): defense contractors gain when military spending rises. Linked by “rheinmetall” (defense) in this story

How “Rheinmetall cuts 2026 sales and margin guidance” reaches IShares U.S. Aerospace & Defense ETF (ITA)

On 4 Nov 2026, “Rheinmetall cuts 2026 sales and margin guidance” is the story that connects IShares U.S. Aerospace & Defense ETF (ITA) to this story.

IShares U.S. Aerospace & Defense ETF (ITA) is on the page because iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “rheinmetall” (defense) in this story

Spdr Series Trust (XAR) is here too. Its reason reads: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “rheinmetall” (defense) in this story

Dates and price levels for IShares U.S. Aerospace & Defense ETF (ITA)

ITA traded between 197.59 and 218.73 across 20 sessions. The latest close on file is 216.38. NOC traded between 471.56 and 575.29 across 20 sessions. The latest close on file is 550.21. XAR traded between 210.89 and 237.55 across 20 sessions. The latest close on file is 231.04.

What the saved facts support for IShares U.S. Aerospace & Defense ETF (ITA)

46 out of 100Price not final

“Rheinmetall cuts 2026 sales and margin guidance” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.