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Investing.com -- The Czech Defense Ministry has approved a plan to purchase 44 Leopard 2A8 tanks from Germany at a cost of 32.8 billion koruna ($1.6 billion).
If the plan receives endorsement from Prime Minister Petr Fiala’s cabinet, the ministry will proceed with signing a framework agreement and submitting a binding order in the coming weeks, according to a statement on the ministry’s website.
The tanks are scheduled for delivery between 2028 and 2031. The agreement also includes an option for the Czech Republic to acquire an additional 14 tanks if more funding becomes available.
This procurement is part of the Czech Republic’s broader military modernization efforts. The country has supplied much of its older military equipment to Ukraine to support Kyiv’s defense against Russian forces.
Earlier this year, the Prague government approved a plan to increase defense spending to 3% of economic output by 2030, up from the current 2% required by NATO membership standards.
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