Overview
- Industry reports say the prime contract is expected to move from Dutch builder Damen Naval to Bremen-based NVL, while the Defense Ministry says it is still evaluating options.
- NVL has stated it is ready to assume general-contractor responsibility if tasked, and Damen declined to comment.
- Delivery of the first ship in 2028 is no longer feasible, with a slip of roughly 40 to 48 months attributed mainly to IT and systems-integration problems.
- The program is valued at more than €10 billion and is expected to become more expensive; Damen has faced financial strain, received a €270 million bridge loan, and Germany has withheld €671 million over missed milestones according to Bloomberg.
- Rheinmetall’s planned acquisition of NVL remains pending and is cited in reporting as a factor in the prospective restructuring, while about €1.8 billion already spent heightens the risk of losses if the project were canceled.