Euronews • June 24, 2026 09:25

Rheinmetall sinks as Germany axes mega-warship project after spending €2.3bn

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Rheinmetall shares fell sharply after Berlin scrapped its F126 frigate programme, a project that has already cost taxpayers around €2.3bn.

Story Timeline

Tue 22:30 - Financial Times

Germany set to scrap plans to build its biggest warship since second world war

Wed 06:21 - DW All

Germany news: Pistorius set to scrap warship project — media

Wed 06:21 - DW All

Germany news: Pistorius to scrap warship project

Wed 06:21 - DW Top

Germany news: Pistorius to scrap warship project

Wed 09:25 - Euronews

Rheinmetall sinks as Germany axes mega-warship project after spending €2.3bn

Different Perspectives

DW All

2 articles

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06:21

Germany news: Pistorius set to scrap warship project — media

The defense minister is planning to drop a multi-million-euro project to build F126 frigates, media say. Train services have resumed after a communications glitch overnight. DW has more.

06:21

Germany news: Pistorius to scrap warship project

The Defense Ministry is dropping a multi-billion-euro project to build F126 frigates, media say. Train services have resumed after a communications glitch overnight. DW has more.

DW Top

1 article

▼

06:21

Germany news: Pistorius to scrap warship project

The Defense Ministry is dropping a multi-billion-euro project to build F126 frigates, media say. Train services have resumed after a communications glitch overnight. DW has more.

Financial Times

1 article

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22:30

Germany set to scrap plans to build its biggest warship since second world war

Berlin wants to ditch F126 frigate programme after cost overruns and delays