rheinmetall aktie

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Rheinmetall's stock fell sharply after Germany canceled a major frigate program, causing market concerns.

Rheinmetall, a German defense company, faced a significant stock drop of 15% after Germany scrapped its plan to build the largest military ship since World War II, canceling the delayed frigate program. This decision dealt a major blow to Rheinmetall's business prospects, although Romania is still boosting NATO's eastern defenses by ordering the Skyranger 35 air defense systems from Rheinmetall.