Tag: f126 frigate
2 articles
Rheinmetall's Naval Business Hit by $346 Million F126 Frigate Loss
Despite a setback with Germany's cancellation of the F126 frigate programme, Rheinmetall remains optimistic about its military business, citing a strong order book and increased defence budgets worldwide. The company has adjusted its naval sales forecast downward by $346 million, but still expects robust growth, with projected 2026 sales between $15.7 billion and $16.3 billion.
Navies Pivot to Proven Warship Designs Amid Cost Overruns
Germany is ditching its troubled F126 frigate programme, opting instead for the tried-and-tested MEKO A-200 design, a move that will likely save the country billions of euros in costs. The pivot comes after massive cost overruns and delays plagued the F126 project, with projected costs ballooning to over €18 billion.