Rheinmetall has a market cap of EUR9B, falling revenues over the last 4 years and is behind in delivering to the tune of EUR30B! Unless 'backlog' has changed definition it's not in the greatest position.
As for Kongsberg 'blitzing' us, we can only talk about Kongsberg's RWS business unit. Where are the non-US sales? How many have they sold in the last 2 years? Based on their announcements they've sold 2 for prototype trials of a Boxer module in Germany (Dec 22), the Estonian CV-90 upgrade (44) in 2021, a small $15m contract to the Swiss in 2021, the UK MIV program selected Protector in 2020.
The UK MIV program hurts, for sure, but the others are existing customers or sales of pre-integrated systems like the Estonian CV-90 upgrade.
It's not looking like a blitz. Do you have other non-US market examples I've missed?
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