Rheinmetall shares fall as Germany cancels F126 frigate programme
Shares in Rheinmetall have declined following the German government’s decision to terminate the F126 frigate project, which had already incurred costs of approximately €2.3 billion.
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According to Euronews, Rheinmetall experienced a sharp decline in share price on 24 June 2026 after Berlin announced the cancellation of the F126 warship programme. The decision brings an abrupt end to a project that has already utilised €2.3 billion in taxpayer funds.
The report notes the significant financial impact on the company following the abrupt termination of the naval initiative. No further details regarding the reasoning behind the cancellation were provided in the source material.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.supports: Euronews