Germany plans to scrap the F126 frigate program, a multibillion-euro project that would have built six large multirole frigates, which were considered the largest warships built by Germany since World War Two. This decision, reported by the Financial Times, could be a significant setback for Rheinmetall, which had hoped to secure its largest contract by taking over the program from Dutch shipbuilder Damen. Defence Minister Boris Pistorius and other officials have reportedly informed industry representatives and senior lawmakers of their intention to abandon the F126 plans.

Instead of the F126 frigates, Germany reportedly intends to purchase eight smaller MEKO A-200 frigates from rival warship builder TKMS. The F126 project, originally known as the MKS 180 program, has faced numerous challenges, including repeated schedule delays, software integration issues, and escalating costs. Estimates for the six F126 ships had reportedly risen to approximately €14 billion if Rheinmetall's proposed takeover proceeded. The first F126 delivery was anticipated to slip to 2032, several years behind the initial schedule.

The shift to the MEKO A-200 frigates is seen as a move towards a faster, lower-risk naval procurement strategy. Although the MEKO A-200 is significantly smaller than the approximately 10,000-ton F126 design, it is considered a mature platform that could be delivered more quickly. Reuters previously indicated that Germany had already approved funding for a potential MEKO procurement, with the first ship targeted for delivery before the end of 2029. This change would provide the German Navy with additional hulls sooner, enhancing fleet availability during a period of heightened security concerns, even if it means foregoing some advanced capabilities envisioned for the larger F126 design. Germany is increasing its defense spending significantly, but major procurement programs continue to struggle with delays, cost increases, and industrial complexity.