Rheinmetall projects $346 million naval loss after F126 frigate cancellation
The loss was a blow to Rheinmetall's new naval ambitions, but the rest of the European giant saw a large rise in revenue.
The loss was a blow to Rheinmetall's new naval ambitions, but the rest of the European giant saw a large rise in revenue.
The move to open talks comes after The Hague and Washington signed a 2024 Letter of Offer and Acceptance to initially acquire the deep strike capability.
"This contract reflects the growing strength and success of Austal’s Australian operations — and Australian industry — within the national shipbuilding and sustainment enterprise,” Austal Limited CEO Paddy Gregg said in the company announcement.
“We will competitively award a vessel construction manager to oversee the [program], drive execution and facilitate genuine competition among multiple shipyards,” Navy Secretary John Phelan said.