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Rheinmetall plumments 13%; defense stocks fall on Germany warship plans

Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to the Financial Times. 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. Berlin is planning... [1634 chars]

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