Rheinmetall Secures Contract to Modernize German Navy’s F123 FrigateRheinmetall has been awarded a major contract to overhaul the German Navy F123 class frigate BAYERN, extending its operational service life through at least 2035. Rheinmetall has been awarded the contract to modernise the 143-meter-long frigate BAYERN at the end of the second quarter of 2026. These measures will bring the F123-class frigate up to the latest technological standards and sustainably enhance its capabilities for future operations. The contract highlights the strategic importance of Rheinmetall’s service business within the Naval Systems division. Long-term maintenance, modernization, and lifecycle support are integral elements of the division’s portfolio, ensuring the operational readiness of complex naval systems over decades.