Rheinmetall Shares Slump After Reports That Germany Is Dropping Frigate Project - WSJ

Rheinmetall Shares Slump After Reports That Germany Is Dropping Frigate Project - WSJ

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Rheinmetall Shares Slump After Reports That Germany Is Dropping Frigate Project

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https://www.wsj.com/business/earnings/rheinmetall-shares-slump-after-reports-that-germany-is-dropping-frigate-project-bbabccad

1. Business
2. Earnings

Rheinmetall Shares Slump After Reports That Germany Is Dropping Frigate Project

Shares in Rheinmetall fell as much as 16% in European morning trading

By

Adrià Calatayud

June 24, 2026 4:46 amET

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!Artillery shells lined up in a storage room at the Rheinmetall plant.

*Germany is abandoning plans to build a new warship model, according to media reports. Shares in Rheinmetall fell as much as 16%.

Annegret Hilse/Reuters*

RheinmetallRHM \-18.28% decrease; red down pointing triangle

shares fell sharply after media reports indicated Germany is abandoning plans to build a new warship model, sinking one of the biggest projects in the arms maker’s pipeline.

Shares in Rheinmetall fell as much as 16% in European morning trading before bouncing back somewhat, meaning the stock shed more than one third of its value since the start of the year. Shares in rival TKMS, which is working on an alternative project, jumped 10% and took their year-to-date gains above 20%.

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