Germany Approves €1.9 Billion for Bundeswehr Modernization Initiatives
The German Bundestag's budget committee has sanctioned €1.9 billion for enhancing Bundeswehr capabilities. Key projects include medium-range Loitering Munition Systems and upgrades to naval assets.
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The German Bundestag's budget committee has allocated €1.9 billion for five key Bundeswehr procurement projects. This includes €1.34 billion designated for the 'Infanterist der Zukunft - Erweitertes System' (IdZ-ES), with completion expected by 2029, and a €180 million budget for upgrading F124 frigates.
Rheinmetall is set to deliver over 100 medium-range Loitering Munition Systems by 2028 under a €2.4 billion contract. Additionally, the German Navy will acquire 14 LARUS systems for tactical reconnaissance this year. These investments are crucial for bolstering the operational capacity of the Bundeswehr.
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