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Germany set to approve $3.36 billion in arms in defence surge, Bloomberg News reports

Published by Global Banking & Finance Review

Posted on November 28, 2025

1 min read

· Last updated: January 20, 2026

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(Reuters) -Germany lawmakers are set to approve spending 2.9 billion euros ($3.4 billion) on 11 military procurement contracts, including for drones, rifles and missiles, in deals that will largely go

Germany to Approve $3.36 Billion in Defense Contracts

(Reuters) -Germany lawmakers are set to approve spending 2.9 billion euros ($3.4 billion) on 11 military procurement contracts, including for drones, rifles and missiles, in deals that will largely go to domestic manufacturers, Bloomberg News reported on Friday.

Reuters could not immediately verify the report.

($1 = 0.8633 euros)

(Reporting by Abu Sultan in Bengaluru; Editing by Tom Hogue)

Key Takeaways

  • Germany plans to approve $3.36 billion in military spending.
  • The spending covers 11 procurement contracts.
  • Contracts include drones, rifles, and missiles.
  • Most contracts will benefit domestic manufacturers.
  • Bloomberg News reported the planned approval.

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