Germany Cancels F126 Frigate

** Note: it follows months of warning signs: Germany had already approved preparatory work for MEKO A-200 purchases as an interim response to F126 delays, while Rheinmetall had been expected to take over the troubled F126 program from Damen and potentially secure a very large contract.

The report is contrary to Rheinmetall management’s recent expectations for a Q2 F126 deal, but in line with the government’s recent move toward TKMS’s MEKO alternative.