Frankfurt, Germany, July 4, 2026 (AFP) - German defence giant laments 'setback' after warship debacle

NAMPA / AFP
2026-07-04
The boss of German defence giant Rheinmetall said the group's failure to secure a contract from Berlin to build next-generation warships was a "setback", in an interview published Saturday. The German government unexpectedly announced last month that it was abandoning the multi-billion-euro project, sending Rheinmetall's shares tumbling around 20 percent as the company had been expected to take on the work. "The cancellation of the F126 project......
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