Event Brief
UPDATED Jun 25, 2026 at 11:00 AM ET
Jun 23, 2026 at 7:05 PM ET
Germany axes F126 frigate project after €2.3bn spend
By The BriefBrief
Rheinmetall shares fell after Berlin scrapped the F126 frigate programme, which had cost €2.3bn.
WHO: Berlin
WHAT: Berlin scrapped the F126 frigate programme, prompting Rheinmetall shares to fall.
WHEN: Jun 24, 2026 at 5:25 AM ET
WHERE: Germany
WHY: Berlin scrapped the F126 frigate programme after it had already cost taxpayers around €2.3bn.
How this story developed (showing 4 of 4 earlier reports)
Reporting from 7 identified publishers across this event arc.
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Publishers represented across this event arc
These publishers contributed reporting to the broader event history. Not every source addresses the specific development described above.
How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.
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