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Rheinmetall sinks as Germany axes mega-warship project after spending €2.3bn

Euronews · Jun 24, 2026, 9:25 AM · Also reported by 4 other sources

Why this matters: an international story with cross-border implications worth tracking.

Rheinmetall shares fell sharply after Berlin scrapped its F126 frigate programme, a project that has already cost taxpayers around €2.3bn.

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DW English Germany news: Pistorius to scrap warship project DW English Germany news: Pistorius set to scrap warship project — media CNBC Defense stocks plummet after Germany to scrap warship plans; Rheinmetall stock down 13% Bloomberg Markets Rheinmetall Tumbles as Germany Said to Shelve Warships Contract

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