German Defence Contractor's Massive Order Book Shows NATO Rearmament Is Already Locked In

Rheinmetall, a German weapons maker, has €73 billion worth of orders lined up—mostly from NATO countries preparing for a long military buildup. That backlog jumped €10 billion in six months. The real question: how much of the next decade's defence spending is already committed versus still up for grabs? The answer matters for investors trying to spot what's left to profit from.