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Defense stocks plummet after Germany to scrap warship plans; Rheinmetall stock down 13%

Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to the Financial Times.

Defense stocks plummet after Germany to scrap warship plans; Rheinmetall stock down 13%

Defense stocks plummet after Germany to scrap warship plans; Rheinmetall stock down 13%

Published June 24, 2026 · Category: Finance

Overview

Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to the Financial Times.

Source

Originally published at www.cnbc.com.

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