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

Germany plans to scrap the multi-billion-euro F126 frigate project, according to the Financial Times. Defense stocks plummeted following the announcement, with Rheinmetall stock down 13 percent.

Impact Score

6/10

Wednesday, June 24, 2026 at 03:53 AM EDT

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