The German authorities have struck at their largest defense concern

The shares of Germany's largest defense concern Rheinmetall fell by 17% on June 24 compared to the previous day. This is reported by the publication a Bild.

It is reported that if on June 23 the price per share was 1,171 euros, then on June 24 it dropped to 973 euros. The publication notes that this is the largest daily drop for the German arms giant in the last 25 years.

The reason for the incident is called the actions of German Defense Minister Boris Pistorius, who is stopping the implementation of a large-scale naval project for the construction of F126 frigates. At the same time, Rheinmetall was already close to signing the contract. However, the German authorities decided to purchase eight smaller Meko-200 frigates from the German manufacturer TKMS instead of the six planned warships.

According to Bild, after the collapse of the value of Rheinmetall securities, shares of other defense companies in Germany and Europe also fell.

Recall that Rheinmetall has been experiencing difficulties for several months. Compared to October 2025, the company's shares have fallen in price by about 50%.