Newsquawk Logo

Rheinmetall (RHM GY) assessing impact of F126 frigate programme cancellation

Newsquawk StaffPublished On the live feed at — 3 more headlines followed before this page went public
Newsquawk headlinesUTC

Canada reportedly aiming to co-announce creation of a global defence bank at the NATO sumit next week, according to Canada's lead negotiator

Germany to buy for Meko-A200 warships from TKMS (TKMS GY) for around EUR 6.63bln, includs option for up to four more warships for around EUR 5.3bln, according to a draft report

Rheinmetall (RHM GY) assessing impact of F126 frigate programme cancellation

US sells 8-wk bills at high-rate 3.650%, B/C 2.70x; sells 4-wk bills at high-rate 3.605%, B/C 2.72x

European Closes: Euro Stoxx 50 +1.35% at 6,367, Dax 40 +2.02% at 25,546, FTSE 100 +1.67% at 10,653, CAC 40 +1.65% at 8,475, FTSE MIB +1.60% at 52,428, IBEX 35 +1.37% at 19,672, PSI +1.20% at 9,200, SMI +1.69% at 14,353, AEX -0.04% at 1,073

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free
Free. No signup, no card.
  • While the company confirms the provided trading update for the second quarter, i.e. meeting the expected revenue growth rate of above 60%, the program cancellation will result in a shortfall of the expected quarterly Rheinmetall Nomination of €20 billion including F126, despite strong order momentum in all other segments, including the first order for loitering ammunition in April and the Romanian order package under the SAFE regime at the end of May. 
  • In sum, the total Rheinmetall Nomination volume is expected to reach low double digit Euro billion level in the second quarter.
  • The company is currently investigating, whether the order cancelation has any additional impact on the full year guidance and will provide a more detailed update with the Q2 earnings release on August 6th 2026.
  • In case that no mitigating measures can be identified, the 2026 revenue impact could reach a level of up to €300 million.
  • The planned contribution on the 2030 mid-term revenue guidance was below 3%. Rheinmetall will make every effort to mitigate this effect with other order wins in the future.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.