Rheinmetall's Busiest Week Yet: A Frigate Refit, a Romanian Shipyard, and a Bundeswehr Truck Order Published on 08/01/2026 at 03:51 | Redaktion boerse-global.de The defense contractor's order pipeline keeps expanding across every conceivable segment — naval systems, autonomous ground vehicles, and heavy logistics trucks — yet the share price remains stubbornly unimpressed. On a single day, Rheinmetall announced three separate developments: a mid-three-digit million euro contract to modernize the German Navy frigate F123 "Bayern," advanced negotiations to acquire Romania's insolvent Mangalia shipyard, and an 18-month development deal with the US Army for autonomous supply vehicles. The market's response? The stock closed Friday at €1,140.60, marginally in the red. The Bundeswehr's Heavy-Lift Workhorse Gets Another Order Sandwiched between the headline-grabbing naval news was a fresh order from the Bundeswehr for 56 heavy tractor units of the Elefant 2 type, valued at approximately €60.5 million gross. Rheinmetall MAN Military Vehicles will deliver the trucks in 2026 and 2027, extending an existing seven-year framework agreement that originally covered up to 137 vehicles. The Bundeswehr had already ordered 32 units, with Rheinmetall fulfilling call-offs worth €122 million through early 2025. The Elefant 2, built on the HX81 platform, delivers 680 horsepower, reaches speeds of up to 89 km/h, handles gradients of up to 60 percent, and tows a total weight of 135 tonnes. Its twin winches each offer 20 tonnes of pulling power, and the cab comes from the UTF family. Should investors sell immediately? Or is it worth buying Rheinmetall? Rheinmetall positions the unarmored Elefant 2 as a complement to the protected Mammut vehicle, with both carrying NATO logistics — part of Germany's broader ambition to serve as the alliance's logistical hub. The Frigate Refit That Keeps a 1996 Vessel Fighting Past 2035 The naval contract, confirmed Thursday, covers a comprehensive overhaul of