Updated

Updated · Baird Maritime · Jul 2

Germany Orders 4 TKMS Warships for €6.63 Billion as Scrapped Program Lifts Bill Toward €12 Billion

Updated

Updated · Baird Maritime · Jul 2

Germany Orders 4 TKMS Warships for €6.63 Billion as Scrapped Program Lifts Bill Toward €12 Billion

1 articles · Updated · Baird Maritime · Jul 2

Berlin plans to buy four TKMS Meko A-200 warships for about €6.63 billion, replacing Rheinmetall's cancelled frigate program after delays and expected cost overruns.
A finance ministry draft for parliament's budget committee shows the package includes an option for up to four more ships worth roughly €5.3 billion, taking the potential total near €12 billion.
The document says ordering four vessels first instead of eight pushed the unit cost to about €1.57 billion per ship.
Rheinmetall said the cancellation of the six-F126 order will cut quarterly order intake by about €20 billion and, without offsets, could reduce 2026 revenue by up to €300 million.
The switch marks a major setback for Germany's biggest defence company, which said it will give a fuller earnings impact update with second-quarter results on August 6.

Sources

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