German defense stocks fall on reports of F126 frigate program cancellation
Story essentials
German Government, Rheinmetall
Germany
June 24, 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 16/24/2026, 11:31:04 AM
Germany reportedly plans to scrap the multi-billion-euro F126 frigate project. Berlin intends to purchase eight smaller Meko A-200 frigates instead. Rheinmetall shares dropped significantly following the news.
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