Rheinmetall Shares Slump After Reports That Germany Is Dropping Frigate Project

Rheinmetall Shares Slump After Reports That Germany Is Dropping Frigate Project

European markets saw a flat opening as investors weighed U.S.-Iran talks. Defence giant Rheinmetall plunged on reports of Germany scrapping a major warship project, though rival…

Rheinmetall and other European defense stocks fell for a second day, after Germany scrapped the F126 naval program, raising procurement concerns.