European shares tread water as Iran uncertainty weighs, Rheinmetall slumps Stock Market News 06-25 01:43
GERMANY AXES €15B WARSHIP PROJECT Germany has canceled its €15.2 billion F126 frigate program and will instead buy up to eight lower-cost MEKO A-200 warships from TKMS. The move reflects Berlin’s push to accelerate military rearmament with proven, off-the-shelf equipment. The decision deals a blow to Rheinmetall and highlights Europe’s shift toward faster, more cost-effective defense procurement. *Walter Bloomberg (@DeItaone) / Twitter 06-25 00:33
Rheinmetall sinks 15% as Germany scraps giant frigate program, TKMS soars Stock Market News 06-24 16:54