RHM.DE is trading 4.4% down at $907.20 after Germany’s defense ministry terminated the multibillion-euro F126 frigate program, which the company was expected to lead as prime contractor.
- The cancellation removes a key €12–15 billion naval opportunity, stripping the company of what was considered a "crown jewel" in its marine division forecasts.
- Shares plunged as investors priced in lost future revenue and potential writedowns tied to the abandoned project.
- The decision has prompted a sharp reassessment of the company’s long-term growth story following the loss of the major defense contract.