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Finance

German budget committee approves 4.7 billion euro deal to buy ThyssenKrupp submarines

Published by Global Banking & Finance Review

Posted on December 18, 2024

1 min read

· Last updated: January 27, 2026

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By Maria Martinez BERLIN (Reuters) - Germany's budget committee has approved the purchase of four submarines manufactured by ThyssenKrupp Marine Systems in a deal worth 4.7 billion euros ($4.92

Germany Approves €4.7 Billion ThyssenKrupp Submarine Purchase

By Maria Martinez

BERLIN (Reuters) - Germany's budget committee has approved the purchase of four submarines manufactured by ThyssenKrupp Marine Systems in a deal worth 4.7 billion euros ($4.92 billion), the defence ministry said on Wednesday.

($1 = 0.9548 euros)

(Reporting by Maria Martinez; Editing by Jan Harvey)

Key Takeaways

Germany approves €4.7 billion submarine deal.
ThyssenKrupp Marine Systems to supply four submarines.
Defense ministry confirms the purchase agreement.
The deal strengthens Germany's naval capabilities.
Exchange rate: $1 equals 0.9548 euros.

Frequently Asked Questions

What is the main topic?

The article discusses Germany's approval of a €4.7 billion deal to purchase submarines from ThyssenKrupp Marine Systems.

Who is manufacturing the submarines?

ThyssenKrupp Marine Systems is manufacturing the submarines for Germany.

How much is the deal worth?

The deal is worth 4.7 billion euros, approximately $4.92 billion.

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