🔴 RHM.DE is trading 9.7% down today as Germany moves to scrap multi-billion-euro F126 frigate project

RHM.DE is trading 9.7% down today at €966.50 following reports that Germany plans to cancel the flagship F126 naval program that the company was expected to lead.

• The potential scrapping of the multi-billion-euro warship project could remove a contract worth up to €12.8 billion from the company's order book.
• The move is expected to trigger sizeable write-downs and a sharp reassessment of the firm's long-term defense-growth outlook as the country redirects military orders.