Headlines
Exclusive-Germany to acquire armoured vehicles worth almost $7 billion
Published by Global Banking and Finance Review
Posted on October 13, 2025
2 min readLast updated: January 21, 2026
Quick Summary
Germany will acquire 424 armoured vehicles for nearly €7 billion, with deliveries starting in 2028. The deal includes scout and Schakal vehicles.
Germany Set to Purchase Armoured Vehicles Valued at Nearly €7 Billion
Overview of Germany's Armoured Vehicle Acquisition
By Markus Wacket
Details of the Procurement
BERLIN (Reuters) -The German government will order 424 new wheeled armoured vehicles for almost 7 billion euros ($8.11 billion), according to finance ministry documents seen by Reuters on Monday.
Contracts and Agreements
The lower house of parliament's budget committee is set to approve the arms deal for the country's army in the next few days.
Delivery Timeline
The largest part of the Bundeswehr deal is a framework agreement with the defence group General Dynamics for the development and procurement of 274 scout vehicles worth around 3.5 billion euros, with the first deliveries planned for 2028.
Future Expansion Options
The second project entails the procurement of 150 "Schakal" wheeled armoured infantry fighting vehicles for around 3.4 billion euros.
Germany will award the Schakal contract via European defence procurement agency OCCAR to Artec GmbH, a joint venture between KNDS and Rheinmetall.
Delivery of the fighting vehicles is scheduled to take place between 2027 and 2031.
An option to purchase a further 82 scout tanks from General Dynamics could bring the volume of the first order to 356 vehicles or up to 4.6 billion euros.
The purchase of Schakal fighting vehicles could also be expanded at a later stage, with an option for up to 200 additional vehicles.
($1 = 0.8627 euros)
(Reporting by Markus Wacket, Writing by Bernadette HoggEditing by Ludwig Burger)
Key Takeaways
- •Germany to purchase 424 armoured vehicles for €7 billion.
- •Bundeswehr deal includes 274 scout vehicles from General Dynamics.
- •150 Schakal vehicles to be procured via OCCAR.
- •First deliveries of scout vehicles expected by 2028.
- •Options for future expansion of vehicle purchases.
Frequently Asked Questions about Exclusive-Germany to acquire armoured vehicles worth almost $7 billion
1What are armoured vehicles?
Armoured vehicles are military vehicles designed to provide protection against small arms fire and shrapnel, often used in combat and peacekeeping operations.
2What is the Bundeswehr?
The Bundeswehr is the unified armed forces of Germany, responsible for the country's defense and military operations.
