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Rheinmetall Seeks 12 Billion Euros to Rescue German Warship Deal, Says FT

Rheinmetall is seeking about 12 billion euros ($14 billion) from Germany to take over the country's troubled F126 frigate programme, lifting the total cost of six warships to roughly 14 billion euros, the Financial Times (FT) reported on Wednesday.Citing people familiar with the talks, the FT said R

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With Rheinmetall as the general contractor, the Bundeswehr wants to save the construction of new frigates for the navy. Now the armaments forge has submitted a cost calculation: the project becomes significantly more expensive.

·Germany
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Lean Right

Delays in armament projects are not uncommon with the Bundeswehr. For the construction of new frigates the manufacturer is to be changed. However, the possible new general contractor Rheinmetall demands significantly more money.

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The frigates that Germany has ordered from the Dutch company Damen may become twice as expensive. The German shipbuilder, which is expected to take over the main contract from the overbid Damen, is asking for an additional 12 billion euros, according to the Financial Times.

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Maritime Reporter broke the news on Wednesday, May 6, 2026.
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