German defense giant raises new targets

German defense group Rheinmetall is launching new financial targets. In five years, revenues are expected to amount to around 50 billion euros with an operating margin of over 50 percent.

The announcement comes in conjunction with the company's capital markets day and causes the share to rise almost 3 percent on the Frankfurt Stock Exchange. Rheinmetall, like so many other shares in the defense sector, has risen sharply and has soared almost 200 percent this year.