Rheinmetall Sees Up to €300 Million Hit From F126 Frigate Cancellation
Updated
Updated · TradingView · Jul 3
Rheinmetall Sees Up to €300 Million Hit From F126 Frigate Cancellation
1 articles · Updated · TradingView · Jul 3
Summary
Up to €300 million of 2026 revenue is at risk after the F126 frigate program was canceled, and Rheinmetall is reviewing whether full-year guidance must change before its Aug. 6 Q2 results.
Q2 trading itself remains intact: Rheinmetall said revenue growth should still exceed 60%, though the cancellation leaves quarterly nomination volume short of the previously expected €20 billion including F126.
Low double-digit billions of euros in Q2 nominations are still expected, supported by strong order momentum in other businesses, including an April loitering-ammunition order and a Romanian SAFE package booked in late May.
Below 3% of Rheinmetall's 2030 mid-term revenue plan had been tied to F126, and the company said it will try to offset the loss with future order wins.