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ITM Power soars on new Rheinmetall venture

ITM Power PLC (AIM:ITM) shares soared, rising more than 35% to 127.56p, after it announced it has teamed up with Rheinmetall AG on a defence-focused synthetic fuels project that could open a repeatable route for large-scale electrolyser deployments, as the pair target a planned Europe-wide network of decentralised e-fuel plants for NATO armed forces. The collaboration centres on Rheinmetall's Giga PtX project, which…

Proactive Investors • Apr 17, 2026
Rheinmetall: A Multi-Combat System Provider At The Start Of A NATO Spending Super Cycle

Rheinmetall is well-positioned to benefit from NATO's defense spending surge, despite recent share stagnation and slower backlog conversion. Backlog has grown 32% since 3Q25, but revenue conversion lags have reduced absolute earnings, prompting a YE26 price target cut to €1,844. RHM's operating model projects 30%+ revenue and 40% EBITDA growth through 2028, driven by higher-value systems and strategic JVs with US…

Seeking Alpha • Apr 16, 2026
Rheinmetall and Destinus team up in new missile venture

Germany's Rheinmetall and Destinus, ​a Netherlands-based European ‌defence technology company, have agreed ​to establish ​a joint venture to ⁠supply advanced ​missile systems, ​the companies said on Monday.

Reuters • Apr 13, 2026
THEON Signs Strategic Agreement with RHEINMETALL for the Development and Supply of the PHYLAX Stabilized Multi-Sensor System

PRESS RELEASE Bloomberg (THEON:NA) / Reuters (THEON.AS) 8 April 2026 – Theon Sensors SA, a fully owned subsidiary of Theon International Plc (THEON) , has signed a strategic agreement with Rheinmetall Electronics GmbH (RHEINMETALL) for the development, qualification and serial supply of a stabilized multi-sensor electro-optic system based on THEON's latest PHYLAX technology, marking an important milestone in THEON's…

GlobeNewsWire • Apr 8, 2026

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