Rheinmetall Cuts Naval Sales Forecast After F126 Frigate Cancellation
Germany’s cancellation of the planned F126 frigate program forces Rheinmetall to cut its annual naval business sales forecast by €300 million, a high-dollar loss the company cited in its semi-annual report. Despite that, fiscal 2026 group sales are still expected at €13.7 billion to €14.2 billion, while naval systems sales reached €334 million over the last four months.