Tag: naval industry
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.
Pakistan's Khalid-Class Submarines Undergo Critical Mid-Life Upgrade
Pakistan is breathing new life into its Khalid-Class submarines with a critical mid-life upgrade, a game-changing move that's set to bolster the country's naval capabilities. This ambitious program, valued at around $950 million, isn't just about upgrading three submarines - it's also about empowering Pakistan's naval industry through a deliberate transfer of technology.