Defense stocks plummet after Germany scraps warship plans; Rheinmetall stock down 13%
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Source: CNBC
Published: 2026-06-24 17:39 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Europe, Military & Defence, Economy & Finance, Financial Markets, Tax & Budget, Business & Economy
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Snippet:
Defense stocks plummeted on Wednesday after a report that Germany will abandon plans to build six warships, fuelling investor fears that the boost to defense contractors from increased government spending may not fully materialize.
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