Germany scraps multi-billion euro F126 frigate project, dealing blow to Rheinmetall
Germany is set to abandon plans to build the F126 frigates — which would have been the country's largest warships since World War II — according to the Financial Times. The cancellation of the multi-billion euro programme is a major blow to arms manufacturer Rheinmetall. German officials are describing it as one of the biggest procurement failures in the country's recent history.
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