Overview
- Berlin confirmed the F126 project is on a formal review due to significant slippage, with no decision yet on the program’s future structure.
- Internal estimates cited in multiple reports point to a 40–48 month delay to the first ship, originally slated for July 2028.
- Options under examination include appointing a German prime contractor and considering an off‑the‑shelf design, with NVL stating it stands ready to take over if commissioned.
- The six‑ship program is valued at more than €9–10 billion, and roughly €1.8 billion already invested would likely be lost if the effort were aborted, prompting tighter budget oversight.
- The Dutch government extended a €270 million bridge loan to Damen, while the delays raise operational risks for the Navy, including prolonged use of 1990s‑era F123 frigates and pressure on NATO commitments.