Germany is set to scrap its plans for the F126 frigate, which would have been its largest warship since World War II. This decision comes amid rising costs and delays associated with the project.
The cancellation has had immediate repercussions for Rheinmetall, the defense group involved, as its shares have fallen sharply following the announcement.
As the situation develops, it remains to be seen how this decision will affect Germany's naval capabilities and the broader defense sector.