Berlin, Aug 6, 2026 (AFP) - Rheinmetall sales keep surging despite cancelled naval frigate project

NAMPA / AFP

2026-08-06

German weapons maker Rheinmetall said Thursday it expects to lose around 300 million euros ($346 million) on Berlin's surprise decision to scrap a major naval frigate programme, but hopes to offset the losses with new partnerships. The German government announced in mid-June that it was cancelling the stalled multi-billion-euro F-126 programme, even though Rheinmetall was widely seen as the frontrunner to take over the project. The cancellation d......

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