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Defence Minister Boris Pistorius aboard the frigate Hessen with a naval special forces unit in 2023

Business

Video. €2bn wasted? Germany scraps world’s largest frigate project

Updated: 24 June 2026 - 11:54 GMT+2

Rheinmetall shares fell sharply after Berlin scrapped its F126 frigate programme, a project that has already cost taxpayers around €2.3bn.

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