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AsiaOne
10 hours ago
- Business
- AsiaOne
Germany prepares huge orders for jets, armored vehicles, sources say, World News
BERLIN — Germany is preparing a wave of multi-billion-euro procurement orders, including 20 Eurofighter jets, up to 3,000 Boxer armoured vehicles, and as many as 3,500 Patria infantry fighting vehicles, two sources familiar with the plans told Reuters. The purchases are part of Chancellor Friedrich Merz's push to build Europe's most powerful conventional army, aiming to reduce reliance on an increasingly unpredictable ally, the United States, and take greater responsibility for European security. Earlier this year, Merz secured the parliamentary backing needed to exempt defence spending from Germany's constitutionally enshrined debt limits, enabling his government to finance the military overhaul. Germany's regular defence budget is projected to rise to around 83 billion euro (S$123.4 billion) in 2026, up by 20 billion from 2025. The Eurofighter order alone is expected to cost between four billion and five billion euro, the sources said, while the Boxer vehicles — built by KNDS and Rheinmetall — are estimated at 10 billion euro. The Patria vehicles are seen costing roughly 7 billion euro. Deliveries of the Boxer and Patria platforms are expected over the next 10 years, according to the sources. The defence ministry is also advancing plans to purchase more IRIS-T air defence systems and several hundred SkyRanger drone defence platforms, the sources said, noting that financial details for those acquisitions have yet to be finalised. Bloomberg also reported on the procurement plans, though citing some differing figures. The defence ministry did not immediately reply to a request for comment. Merz has pledged to meet Nato's new benchmark of spending 3.5 per cent of GDP on defence by 2029 — well ahead of most alliance members. But Germany also has more catching up to do. Hours after Russia's invasion of Ukraine, the chief of the German army publicly vented his frustration over the long-running neglect of military readiness in his country, saying the Bundeswehr was "standing there more or less empty-handed." [[nid:720581]]
Yahoo
13 hours ago
- Business
- Yahoo
Germany prepares huge orders for jets, armored vehicles, sources say
BERLIN (Reuters) -Germany is preparing a wave of multi-billion-euro procurement orders, including 20 Eurofighter jets, up to 3,000 Boxer armoured vehicles, and as many as 3,500 Patria infantry fighting vehicles, two sources familiar with the plans told Reuters. The purchases are part of Chancellor Friedrich Merz's push to build Europe's most powerful conventional army, aiming to reduce reliance on an increasingly unpredictable ally, the United States, and take greater responsibility for European security. Earlier this year, Merz secured the parliamentary backing needed to exempt defence spending from Germany's constitutionally enshrined debt limits, enabling his government to finance the military overhaul. Germany's regular defence budget is projected to rise to around 83 billion euro ($95.8 billion) in 2026, up by 20 billion from 2025. The Eurofighter order alone is expected to cost between 4 billion and 5 billion euro, the sources said, while the Boxer vehicles — built by KNDS and Rheinmetall — are estimated at 10 billion euro. The Patria vehicles are seen costing roughly 7 billion euro. Deliveries of the Boxer and Patria platforms are expected over the next 10 years, according to the sources. The defence ministry is also advancing plans to purchase more IRIS-T air defence systems and several hundred SkyRanger drone defence platforms, the sources said, noting that financial details for those acquisitions have yet to be finalised. Bloomberg also reported on the procurement plans, though citing some differing figures. The defence ministry did not immediately reply to a request for comment. Merz has pledged to meet NATO's new benchmark of spending 3.5% of GDP on defence by 2029 - well ahead of most alliance members. But Germany also has more catching up to do. Hours after Russia's invasion of Ukraine, the chief of the German army publicly vented his frustration over the long-running neglect of military readiness in his country, saying the Bundeswehr was "standing there more or less empty-handed." ($1 = 0.8661 euros)
Straits Times
14 hours ago
- Automotive
- Straits Times
Germany prepares huge orders for jets, armored vehicles, sources say
Sign up now: Get ST's newsletters delivered to your inbox FILE PHOTO: A Boxer armoured transport vehicle manoeuvres on the day arms manufacturer Rheinmetall hands the first one over to the German armed forces Bundeswehr, in Unterluess, Germany, May 2, 2024. REUTERS/Fabian Bimmer/File Photo BERLIN - Germany is preparing a wave of multi-billion-euro procurement orders, including 20 Eurofighter jets, up to 3,000 Boxer armoured vehicles, and as many as 3,500 Patria infantry fighting vehicles, two sources familiar with the plans told Reuters. The purchases are part of Chancellor Friedrich Merz's push to build Europe's most powerful conventional army, aiming to reduce reliance on an increasingly unpredictable ally, the United States, and take greater responsibility for European security. Earlier this year, Merz secured the parliamentary backing needed to exempt defence spending from Germany's constitutionally enshrined debt limits, enabling his government to finance the military overhaul. Germany's regular defence budget is projected to rise to around 83 billion euro ($95.8 billion) in 2026, up by 20 billion from 2025. The Eurofighter order alone is expected to cost between 4 billion and 5 billion euro, the sources said, while the Boxer vehicles — built by KNDS and Rheinmetall — are estimated at 10 billion euro. The Patria vehicles are seen costing roughly 7 billion euro. Deliveries of the Boxer and Patria platforms are expected over the next 10 years, according to the sources. The defence ministry is also advancing plans to purchase more IRIS-T air defence systems and several hundred SkyRanger drone defence platforms, the sources said, noting that financial details for those acquisitions have yet to be finalised. Top stories Swipe. Select. Stay informed. Business No clarity yet on baseline or pharmaceutical tariffs with US: DPM Gan Singapore Grace Fu apologises for Tanjong Katong sinkhole, says road may stay closed for a few more days Opinion Nobel Prize? Maybe not, but give Asean credit for Cambodia-Thailand ceasefire Singapore Facts and myths intersect at the National Museum's new glass rotunda installation Singapore Liquidators score victory to recoup over $900 million from alleged scammer Ng Yu Zhi's associates Multimedia Making a splash: Picture-perfect moments from the World Aquatics Championships in S'pore Singapore Terrorism threat in Singapore remains high, driven by events like Israeli-Palestinian conflict: ISD Singapore S'pore can and must meaningfully apply tech like AI in a way that creates jobs for locals: PM Wong Bloomberg also reported on the procurement plans, though citing some differing figures. The defence ministry did not immediately reply to a request for comment. Merz has pledged to meet NATO's new benchmark of spending 3.5% of GDP on defence by 2029 - well ahead of most alliance members. But Germany also has more catching up to do. Hours after Russia's invasion of Ukraine, the chief of the German army publicly vented his frustration over the long-running neglect of military readiness in his country, saying the Bundeswehr was "standing there more or less empty-handed." REUTERS
Japan Today
14 hours ago
- Business
- Japan Today
Germany prepares huge orders for jets, armored vehicles, sources say
FILE PHOTO: A Boxer armoured transport vehicle manoeuvres on the day arms manufacturer Rheinmetall hands the first one over to the German armed forces Bundeswehr, in Unterluess, Germany, May 2, 2024. By Markus Wacket Germany is preparing a wave of multi-billion-euro procurement orders, including 20 Eurofighter jets, up to 3,000 Boxer armoured vehicles, and as many as 3,500 Patria infantry fighting vehicles, two sources familiar with the plans told Reuters. The purchases are part of Chancellor Friedrich Merz's push to build Europe's most powerful conventional army, aiming to reduce reliance on an increasingly unpredictable ally, the United States, and take greater responsibility for European security. Earlier this year, Merz secured the parliamentary backing needed to exempt defence spending from Germany's constitutionally enshrined debt limits, enabling his government to finance the military overhaul. Germany's regular defence budget is projected to rise to around 83 billion euro ($95.8 billion) in 2026, up by 20 billion from 2025. The Eurofighter order alone is expected to cost between 4 billion and 5 billion euro, the sources said, while the Boxer vehicles — built by KNDS and Rheinmetall — are estimated at 10 billion euro. The Patria vehicles are seen costing roughly 7 billion euro. Deliveries of the Boxer and Patria platforms are expected over the next 10 years, according to the sources. The defence ministry is also advancing plans to purchase more IRIS-T air defence systems and several hundred SkyRanger drone defence platforms, the sources said, noting that financial details for those acquisitions have yet to be finalised. Bloomberg also reported on the procurement plans, though citing some differing figures. The defence ministry did not immediately reply to a request for comment. Merz has pledged to meet NATO's new benchmark of spending 3.5% of GDP on defence by 2029 - well ahead of most alliance members. But Germany also has more catching up to do. Hours after Russia's invasion of Ukraine, the chief of the German army publicly vented his frustration over the long-running neglect of military readiness in his country, saying the Bundeswehr was "standing there more or less empty-handed." © (c) Copyright Thomson Reuters 2025.
Reuters
14 hours ago
- Business
- Reuters
Germany prepares huge orders for jets, armored vehicles, sources say
BERLIN, July 29 (Reuters) - Germany is preparing a wave of multi-billion-euro procurement orders, including 20 Eurofighter jets, up to 3,000 Boxer armoured vehicles, and as many as 3,500 Patria infantry fighting vehicles, two sources familiar with the plans told Reuters. The purchases are part of Chancellor Friedrich Merz's push to build Europe's most powerful conventional army, aiming to reduce reliance on an increasingly unpredictable ally, the United States, and take greater responsibility for European security. Earlier this year, Merz secured the parliamentary backing needed to exempt defence spending from Germany's constitutionally enshrined debt limits, enabling his government to finance the military overhaul. Germany's regular defence budget is projected to rise to around 83 billion euro ($95.8 billion) in 2026, up by 20 billion from 2025. The Eurofighter order alone is expected to cost between 4 billion and 5 billion euro, the sources said, while the Boxer vehicles — built by KNDS and Rheinmetall ( opens new tab — are estimated at 10 billion euro. The Patria vehicles are seen costing roughly 7 billion euro. Deliveries of the Boxer and Patria platforms are expected over the next 10 years, according to the sources. The defence ministry is also advancing plans to purchase more IRIS-T air defence systems and several hundred SkyRanger drone defence platforms, the sources said, noting that financial details for those acquisitions have yet to be finalised. Bloomberg also reported on the procurement plans, though citing some differing figures. The defence ministry did not immediately reply to a request for comment. Merz has pledged to meet NATO's new benchmark of spending 3.5% of GDP on defence by 2029 - well ahead of most alliance members. But Germany also has more catching up to do. Hours after Russia's invasion of Ukraine, the chief of the German army publicly vented his frustration over the long-running neglect of military readiness in his country, saying the Bundeswehr was "standing there more or less empty-handed." ($1 = 0.8661 euros)
