Rheinmetall is building a drone test centre the size of its tank factories. That's the bet.
Top story
Germany’s F127 air-defence frigate costs trigger political debate as TKMS disputes figures. Cost estimates for Germany’s F127 air-defence frigates have sparked political criticism, with German media reporting rising price tags for the major naval project. TKMS, the general contractor, said it cannot confirm the figures cited in recent press coverage and noted that cost discussions are ongoing. The F127 programme follows the troubled MKS 180 frigate effort, which Germany cancelled in June after cost overruns and delays. Why it matters: Germany just killed one frigate programme for cost blowouts; if F127 numbers are climbing before metal is cut, Berlin’s second try may follow the first. (Single source) Hartpunkt → · Opex360 →
The rundown
PROCUREMENT — Bulgaria will have to maintain its aging MiG-29 Fulcrum fleet in service longer than planned after failing to procure second-hand F-16s to bridge the gap until new Vipers arrive. The country received eight F-16 Vipers in 2025 and ordered eight more, but the second batch is delayed and Bulgaria could not find enough used F-16s on the market to cover the shortfall. Maintaining Soviet-era fighters has become increasingly difficult. (Single source) Opex360 →
PROCUREMENT — Germany’s IRIS-T SLM air-defence system is nearing full operational capability after years of certification delays despite extensive combat use in Ukraine, where the system achieved near-perfect intercept rates. Initial Operating Capability was declared in September 2024, but full readiness was delayed by regulatory issues including ladder angles and crane certifications. The system is now close to entering active service with the Bundeswehr. (Single source) Soldat & Technik →
SPACE — The European Space Agency has signed the first contracts under its European Launcher Challenge with German space companies Isar Aerospace and Rocket Factory Augsburg. Isar Aerospace’s contract is worth approximately €200 million, the company said. The funding will support development and flight testing of the firms’ respective launch vehicles as Europe seeks to expand sovereign access to space. (Single source) Hartpunkt →
By the numbers
4 events in this issue · 0/4 corroborated · €200m in stated deal values · 4/4 European · busiest beat: procurement
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