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10-Billion-Fregate: Ladies Hand over F126 Project – Rheinmetall to Take Over

Summary by Perspektive
Under Defence Minister von der Leyen, a massive defence project for the German Navy has been announced throughout Europe. Now, ten years have passed since the announcement of the F126 project. Dutch shipbuilder Damen Naval is now handing over the billion-dollar project to a Rheinmetall subsidiary. 1.8 billion euros have already been spent on a new F126 frigate. Originally, a total of around 10 billion euros were planned for several frigates. How…
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Under Defence Minister von der Leyen, a massive defence project for the German Navy has been announced throughout Europe. Now, ten years have passed since the announcement of the F126 project. Dutch shipbuilder Damen Naval is now handing over the billion-dollar project to a Rheinmetall subsidiary. 1.8 billion euros have already been spent on a new F126 frigate. Originally, a total of around 10 billion euros were planned for several frigates. How…

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Perspektive broke the news in on Monday, November 17, 2025.
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