Rheinmetall lowers revenue forecast after F126 halt

Frigate conclusion Rheinmetall Lowers Revenue Forecast

2026-08-11 Source: dpa | Translated by AI 1 min Reading Time

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After the halt of the multi-billion F126 frigate project by the Ministry of Defence, Rheinmetall adjusts the revenue forecast slightly downward ...

Rheinmetall has not been entirely financially spared from the canceled frigate matter. Therefore, the forecast for the current year is being lowered – although not significantly ...(Source: Rheinmetall) — Rheinmetall has not been entirely financially spared from the canceled frigate matter. Therefore, the forecast for the current year is being lowered – although not significantly ...
(Source: Rheinmetall)

The Rheinmetall board now expects an increase in group revenue to between 13.7 and 14.2 billion euros (approx. between 16 and 16.5 billion USD). Last year, however, the defence company generated "only" 9.94 billion (approx. 11.5 billion USD). This represents 300 million less than previously anticipated at both the upper and lower ends of the range. The operating profit margin is still expected to reach approximately 19 percent. As early as the beginning of July, Rheinmetall had announced that losses in this area were to be expected due to the cancellation of the F126 frigate program. The Ministry of Defence had canceled the frigate project F126, known for years of delays and cost overruns, and opted instead for a smaller maritime variant from TKMS.

Rheinmetall still doubles its operating profit

Rheinmetall CEO Armin Papperger still points to a solid foundation for growth in all business areas: "We are also looking ahead in the naval sector and working hard to fulfill our existing maritime orders as a reliable partner with high expertise!" On an international level, the company aims to secure new orders as well. Germany's largest defence company also confirmed the key figures for the second quarter presented at the end of July: Revenue increased by 69 percent year-on-year (to 3.29 billion euros, approx. 3.8 billion USD). Rheinmetall was even able to more than double its operating profit to 562 million euros (approx. 650 million USD).

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