Rheinmetall eyes German F126 frigate contract in Q2
Rheinmetall expects to sign a contract for Germany's F126 frigate program in the second quarter. The deal would see the firm replace Damen on the project.
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RHEINMETALL AG expects to sign a 12 billion euro contract in the second quarter to lead Germany's delayed F126 frigate program. CEO Armin Papperger said the deal would see the firm replace Dutch shipbuilder Damen as the project's general contractor. The move signals Rheinmetall's expansion into the naval sector following its acquisition of warship maker NVL in March.
