Germany's Hensoldt assessing fallout from terminated frigate programme

Hensoldt AG

Yesterday 08:31

    BERLIN, June 30 (Reuters) - German defence company Hensoldt HAGG.DE said on Tuesday that it does not expect the termination of the F126 frigate programme to affect its short or medium-term forecast but was currently assessing the specific implications. 
The total contract value for Hensoldt, which was to supply a maritime defence radar system, was just over 200 million euros, more than a third of which had already been recognised as revenue, it said. 
 
 
 

 (Reporting by Miranda Murray, editing by Linda Pasquini)
 ((Miranda.Murray@thomsonreuters.com;))