MoD Cancels F126 Frigate Program as Rheinmetall Integrates Twinvis Radar and Wins €100M
On 24 June, Germany’s Federal Ministry of Defence ended the F126 frigate programme, driving investor anxiety. Rheinmetall’s shares closed Friday at €1,156.40 and are down about 26% year to date. In Manching, Rheinmetall and Hensoldt integrated Twinvis passive radar into Skymaster. Rheinmetall also holds a €100m Bundeswehr digitalisation contract under ~€1.2bn framework deals, with insiders and Goldman Sachs keeping a buy view.