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Germany Set to Approve $3.4 Billion Boost in Defence Procurement: Bloomberg
Germany is reportedly preparing to approve €2.9 billion ($3.36 billion) worth of defence procurement contracts, including drones, rifles, and missile systems—most of which will go to domestic manufacturers.
Germany is poised to approve a significant increase in defence procurement worth $3.36 billion, according to a report by Bloomberg News.
On Friday, Bloomberg reported that German lawmakers are expected to authorize €2.9 billion (approximately $3.4 billion) for 11 military acquisition contracts. The deals include the purchase of drones, rifles, and missile systems, with most contracts expected to be awarded to domestic manufacturers.
Reuters was not immediately able to verify the Bloomberg report.
($1 = 0.8633 euros)
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