economy
Germany scraps plans to build its biggest warship since second world war
Shares in defence group Rheinmetall tumble as Berlin ditches F126 frigate programme after cost overruns and delays
TL;DR
- Shares in defence group Rheinmetall fell sharply.
- Berlin has ditched the F126 frigate programme.
- The cancellation is due to cost overruns and delays.
- The F126 was set to be Germany's largest warship since WWII.