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

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

    Published by Global Banking and Finance Review

    Posted on November 28, 2025

    1 min read

    Last updated: January 20, 2026

    Image depicting the recent Russian military advance into eastern Ukraine near Dobropillia, highlighting the escalating tensions ahead of the Trump-Putin summit. This event is pivotal in the ongoing conflict and impacts geopolitical discussions.
    Russian military advance in eastern Ukraine ahead of Trump-Putin summit - Global Banking & Finance Review
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    Tags:International trade

    Quick Summary

    Germany is set to approve $3.36 billion in military procurement, focusing on domestic manufacturers for drones, rifles, and missiles.

    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.

    Frequently Asked Questions about Germany set to approve $3.36 billion in arms in defence surge, Bloomberg News reports

    1What is the euro?

    The euro is the official currency of the Eurozone, used by 19 of the 27 European Union member states. It is denoted by the symbol € and is one of the world's major currencies.

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