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    1. Home
    2. >Finance
    3. >German budget committee approves 4.7 billion euro deal to buy ThyssenKrupp submarines
    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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    Quick Summary

    Germany's budget committee approves a €4.7 billion deal to purchase four submarines from ThyssenKrupp Marine Systems, enhancing its naval defense capabilities.

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

    1What is the main topic?

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

    2Who is manufacturing the submarines?

    ThyssenKrupp Marine Systems is manufacturing the submarines for Germany.

    3How much is the deal worth?

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

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