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 readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 18, 2024
1 min readLast updated: January 27, 2026

Germany's budget committee approves a €4.7 billion deal to purchase four submarines from ThyssenKrupp Marine Systems, enhancing its naval defense capabilities.
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)
The article discusses Germany's approval of a €4.7 billion deal to purchase submarines from ThyssenKrupp Marine Systems.
ThyssenKrupp Marine Systems is manufacturing the submarines for Germany.
The deal is worth 4.7 billion euros, approximately $4.92 billion.
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