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Investing.com -- Germany is preparing over 60 military procurement orders for parliamentary approval by the end of 2025, as part of its plan to transform the Bundeswehr into Europe’s strongest conventional army.
The orders include the purchase of 20 Eurofighter jets from Airbus, up to 5,000 Boxer armored vehicles from Rheinmetall (ETR:RHMG), and at least 3,500 Patria Oyj armored vehicles, according to Bloomberg, citing people familiar with the matter who requested anonymity due to the confidential nature of the discussions.
Defense Minister Boris Pistorius briefed lawmakers on Monday about the government’s military priorities.
The German cabinet is scheduled to approve its medium-term financial planning on Wednesday. The plan will more than double the country’s annual defense budget to as much as €162 billion ($189 billion) within four years.
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