Business

Germany’s defense spending plan revealed — Analysis

Its air force will get the lion’s share of the €100 billion financial injection, according to the media

Germany is set to spend €100 billion ($107 billion) to boost its military. Der Spiegel magazine says it has obtained the spending plan and reported on Tuesday that the bulk of the money will go towards strengthening the country’s air force.

The spending spree was proposed by Chancellor Olaf Scholz in February. However, it took German legislators months to reach agreement on its details. On Friday, the Parliament will vote on the special funds.

Der Spiegel reports that the largest part of multi-billion euro investment package will be given to the German Air Force. A total of €40.9 billion ($44 billion) will go to the air force branch. This money will go towards new Eurofighter aircraft, transport helicopters and the replacement of the Tornado multirole aircraft fleet. F35s, which were built in the US, will also be used as replacements. Germany also wants to modernize its air defense and develop TWISTER, the EU’s space-based anti-missile defense system.

According to the report the digitalization and integration of command-and-control systems will make up the second most significant investment. A whopping €20.7 billion ($22 billion) will go towards other items including new digital radios for troops, and new communication satellites.

Germany reveals massive military expansion

The German Navy will receive €19.3 billion ($21 billion). These funds will go towards new Braunschweig -class corvettes, F126 warships, and Type 212CD attack submarines. It also plans to purchase reconnaissance aircraft and a missile system for surface vessels as well as an anti-aircraft system that will protect submarines. The navy also plans to buy multipurpose combat boats as well as modern submarine detection sensors.

The army will get a €16.6 billion ($18 billion) financial shot, prioritizing the procurement of Puma infantry fighting vehicles to replace the aging Marders, according to Der Spiegel. Land forces want to purchase armored fighting vehicles, all-terrain transporters and a replacement for the TPz Fuchs armored personal carriers. The magazine stated that some money could go to developing a new European main combat tank.

Rest of the fund will go to buy better equipment and uniforms for soldiers and research, development, and AI. Those areas will receive €1.9 billion ($2 billion) and €422 million ($450 million) in funding respectively, the report said. Protecting the German forces from the enemy electronic warfare system jamming navigators and AI-assisted spying will be the main objectives of the funding.

Share this story via social media

[ad_2]

Tags

Related Articles

Back to top button