German minister: cost of ditched F126 frigate project already €2.3 bln

TKMS AG & Co KgaA

24/06/2026 15:31

    BERLIN, June 24 (Reuters) - German Defence Minister Boris Pistorius said continuing the landmark F126 frigate project would only result in disproportionately high costs and delays, adding that a good €2.3 billion had already been spent on the plans, which he has ditched.
"Better to have a tough ending than a drawn-out state of limbo," Pistorius said, adding he was examining claims for damages, though probably with little chance of success.

 (Reporting by Holger Hansen, writing by Madeline Chambers, editing by Thomas Seythal)
 ((Madeline.Chambers@thomsonreuters.com))