finance
Germany Plans to Cancel Largest Warship Project Since World War II
Berlin is preparing to drop the F126 frigate program after repeated cost increases and schedule slips. The Financial Times reported that the decision follows years of delays on what would have been Germany's biggest warship since 1945.
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Germany is preparing to cancel its F126 frigate program, ending plans to build the country's largest warship since World War II. Shares in defense contractor Rheinmetall fell after the report appeared.
Background on the Program The F126 program was intended to replace older frigates in the German navy. Construction had not yet begun when the government decided to abandon the effort. Officials cited rising expenses and missed milestones as the main reasons for the reversal.
No new timeline or replacement program was announced. The move leaves the German navy without a near-term option for a new class of large surface combatants.
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