Germany Cancels F126 Frigate Programme, Orders Up to Eight TKMS MEKO A-200 DEU
Germany scrapped the six-ship F126 frigate programme on 24 June 2026, opting for up to eight smaller TKMS MEKO A-200 DEU anti-submarine frigates after cost-to-complete ran toward €18bn. Rheinmetall fell ~18–20%; TKMS gained the order.