The arms race is on: Why Rheinmetall, Antimony Resources, and Leidos are needed!

Rheinmetall: Is it worth getting back in?

It has been a long time since we have read anything like this. Some investors posted on social media platform X that they had taken profits on Rheinmetall shares – and were very proud of it. Previously, all you could read were enthusiastic "Buy" recommendations for Germany's largest military group. However, the rise in the share price was also unparalleled for years. Since the beginning of 2022, the value has increased almost seventeenfold. In 2023, the first wave was crowned with the return to the DAX; Rheinmetall was once a founding member.

In the meantime, however, the share price has consolidated at a high level and has shown virtually no significant upward momentum for a year. The peace efforts in Ukraine, which repeatedly weighed on the share price in the short term, have certainly contributed to this. At present, however, it does not look as if the war can be ended quickly. And even if it were, long-term developments in the military sector indicate that rearmament will continue. This is also reflected in the order situation. Rheinmetall's products are currently so sought-after that management is facing more of a challenge in terms of execution than a problem with demand. At the beginning of 2026, Rheinmetall reported a record figure of EUR 63 to EUR 70 billion. That is 80% more than at the end of 2023. In an interview, CEO Armin Papperger predicted potential order intake of up to EUR 80 billion for the current year 2026. This mainly comprises framework agreements that will then be processed over many years.

Despite this flood of orders, the share price is moving sideways. The next resistance level is just under EUR 1,800. A breakout above this level would clear the way to an all-time high of EUR 2,000. Anyone looking to get in now should wait for the breakout. On the downside, however, support at around EUR 1,600 must hold. Technically speaking, there is room for movement in both directions.

Antimony Resources: The supplier for the big players!

Rheinmetall supplies the weapons, but like every manufacturer in this industry, the company is dependent on the right raw materials. This is where Antimony Resources comes into play. The company is developing the Bald Hill project in the Canadian province of New Brunswick. This is one of the best jurisdictions in North America for extracting and mining minerals. Bald Hill has abundant antimony deposits and is one of the most exciting reactivation projects in the critical minerals sector.

Antimony is indispensable to the military industry and is mainly used in ammunition production as an alloying element in lead bullets. This is because it improves the hardness, strength, and dimensional stability of the bullets. Typically, 3 to 5% antimony is added, which increases the precision and penetrating power of the ammunition. The problem is that China dominates the world market and controls more than 60% of global production, according to data from the US Geological Survey (USGS). Since 2023, Beijing has restricted exports and introduced strict controls that affect not only US companies but also European countries and Japan. The United States is therefore trying to establish supply chains outside China's sphere of influence. In 2030, the first mine on US soil could go into production in Idaho; however, it will not even produce enough to meet US demand.

That is why Antimony Resources' Bald Hill project plays such an important role. Right in the neighborhood, the Lake George Mine was once the only primary antimony mine in North America. Antimony is usually a by-product. Bald Hill itself was explored using modern technology starting in 2008, and it turned out that the deposit is characterized by extremely high-grade stibnite (antimony sulfide). Historical drilling has already shown peak values of up to 11.7% antimony over several meters. The New Brunswick Department of Mines has already carried out regional work, including airborne geophysics and complete geological mapping.

As the 100% owner of the property, Antimony Resources can build entirely on this preliminary work and a historical database. In addition, the company can rely on good infrastructure in the surrounding area. The port of St. John is accessible by road, just 75 km away. Even on the project site itself, road infrastructure can be developed.

The older NI 43-101 report shows that the deposit may contain between 81,000 and 106,000 tons of antimony. By comparison, the global market leader, China, produced around 60,000 tons in 2023. This resource report must now be further confirmed and refined through current drilling work. Antimony Resources raised approximately CAD 9.45 million from investors in December 2025 for this purpose. An additional CAD 1.21 million was raised through the exercise of warrants. In the first half of 2026, 10,000 meters of drilling will be carried out. For CEO Jim Atkinson, it is "obvious that this is a highly mineralized area," as he announced a few days ago. After the steep rise in recent months, the share price is currently consolidating at around 10% below its high. With a market capitalization of around EUR 50 million, there is still plenty of room for growth – especially as the geopolitical situation is unlikely to ease anytime soon.

Leidos: The architect in the information age

The whole world is watching the highly valued stock of Palantir, but with Leidos, there is a smaller but significantly older brother fishing in the same pond. Because in addition to military technology and raw materials, information is crucial in every conflict today. Leidos was founded in California in 1969, but is now headquartered in Virginia in the Dulles Technology Corridor, close to Washington, D.C., and the Pentagon. Leidos sees itself as a technology integrator. It develops the software and architecture to connect everything in defense into a functioning system. In the defense sector, Leidos stands for networks that enable military units to share data in real time. In the intelligence sector, Leidos takes care of cybersecurity and the analysis of huge amounts of data for organizations such as the NSA and the CIA. Last but not least, the company is currently benefiting from massive investments in the outdated US air traffic control system in its civil division.

With this lineup, Leidos generated approximately USD 17.2 billion in revenue in 2025 and increased its profit by about 18% to approximately USD 1.46 billion. However, what is impressive is the order backlog of a whopping USD 49 billion. This means there is a great deal of planning security for the coming years. Due to its strong economic situation, Leidos is considered a reliable dividend payer. The most recent quarterly dividend was USD 0.43 per share.

The company has also recently won prestigious new contracts, such as cloud modernization and the construction of passive radar systems for the US Air Force. In addition, it has entered the energy infrastructure sector with the purchase of Entrust Solutions Group. The transaction was completed a few weeks ago. This primarily involves the protection of power grids.

Leidos shares are currently a good option for long-term investors who want to capitalize on the continuing structural growth trends in the defense sector. Following the Q4 quarterly report, the stock lost up to 10% of its value. Leidos met earnings expectations, but fell slightly short on revenue. According to management, the main reason for this was the six-week US government shutdown during that period, which caused project delays.

A revolution is currently underway in the defense sector. In Germany, Rheinmetall is one of the biggest beneficiaries of rising military budgets – and can also supply partner countries. The DAX-listed company is fundamentally an important investment in this sector. However, as the chart analysis currently advises a wait-and-see approach, no new purchases should be made before a potential breakout. With Antimony Resources, investors can play the "geopolitics" card and bet on the world's growing hunger for critical minerals. With its low market capitalization and ongoing drilling program, the company can benefit from this in both the short and long term. Leidos offers investors an alternative to Palantir's hyped and extremely highly valued stock. With its high order backlog, the company is well-positioned for future growth.