European Defense Stocks Fall on Reports Germany is Dropping Frigate Project

Dow Jones06-24

0844 GMT - Shares of European defense companies edge lower after reports that Germany is abandoning plans to build a new warship model. The Financial Times and Germany's Der Spiegel said Berlin was dropping plans to build six F126 frigates. In Germany, Rheinmetall shares are down 15%, with Renk Group down 4.8% and Hensoldt down 4.3%. France's Thales and Dassault Aviation are both down 2.4%. In Italy, Leonardo shares are down 4.2%. The U.K.'s BAE Systems is down 1.9%. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

June 24, 2026 04:44 ET (08:44 GMT)

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The U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>.'s BAE Systems is down 1.9%. 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