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Topic: TKMS

The Frankfurt Stock Exchange building in Germany

Wednesday, 6/24, 08:35 AM

European defense stocks tumble as Germany moves to scrap its biggest warship program

Shares in Europe's defense companies fell sharply on Wednesday, with Rheinmetall down as much as 13 percent, after reports that Germany plans to cancel its troubled F126 frigate project and buy smaller, cheaper warships instead.

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