Underfunding Puts German Defence Projects at Risk: Defence Ministry Paper

 

Berlin: Faced with the problem of not getting the necessary funds, German defence projects with a total value of several billion euros are at risk of being scrapped, says a confidential paper by the defence ministry.

ads

The document, seen by a news agency lists several projects whose funds are not yet guaranteed. Among them are various multinational cooperation projects such as the development of a joint fighter jet with France, Europe’s biggest defence project with an estimated total volume of some 100 billion euros ($122 billion). Other affected projects include a joint main battle tank with France and developing joint submarines with Norway. The planned purchase of Boeing P-8A maritime patrol aircraft is also listed as not yet funded.

“The funding problems result particularly from the sharp decline of funds starting after 2022 as foreseen in the federal budget planning decision,” the defence ministry paper said. All affected projects were scheduled to be presented to parliament’s budget committee by the end of June in order to be approved before Germany’s federal election in September.

More like this

Modernising Legacy Equipment: US Army Tests Autonomous Mass Minelaying

Washington: When mounted to a vehicle, the US Army’s...

Germany to Purchase US Tomahawk Cruise Missiles

Berlin: Germany will purchase Tomahawk cruise missiles from the...

UK Unveils $50 Billion Deep-Strike Scheme in Pooled NATO Funds

Vienna: The United Kingdom unveiled a $50 billion, decade-long...

JWG Meeting: India and Russia to Intensify Counter‑Terror Cooperation Across South Asia and Eurasia 

New Delhi: India and Russia convened a Vice Minister‑level...

India’s UNSC Bid: A Real Contest, Not a Coronation

On July 13, External Affairs Minister S Jaishankar will...

New Laser Dazzler Successfully Neutralises Drone Sensors

ROME. As the threat of hostile unmanned aerial vehicles (UAVs)...

Tata and Nibe Set to Secure Indian Army’s Rs 1,600 Crore Loitering Munition Contract

NEW DELHI. In a major boost to domestic defence manufacturing,...

Iranian Airline Mahan Air Manages to Get Five Boeing 777 for IRGC’s Operational Need

Tel Aviv: Mahan Air, the Iranian airline that serves...
Indian Navy Special Edition 2025spot_img