Reuters
24 Jun 2026, 09:37 UTC · 2h ago
Rheinmetall shares sink after Berlin axes warship deal, shifting orders to TKMS
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Reuters
24 Jun 2026, 09:37 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
2 claims · each scored for market impact
Germany's defence ministry scrapped the F126 frigate programme for which Rheinmetall was the main contractor. — The loss of a major government contract directly reduces future revenue projections and order backlogs for the company.
-0.80Rheinmetall shares declined by more than 16% following the cancellation announcement. — Significant immediate price action reflects the market's rapid repricing of the company's valuation based on the news.
-0.30Which stocks this story touches
Shares plummeted after the German defence ministry scrapped a frigate programme for which the company was the main contractor.
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