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Germany set to approve €2.9 billion arms package as defense spending surges

Nov. 28, 2025 1:51 AM ETGlobal X Defense Tech ETF (SHLD), GF, DAX, FGM, FLGR, DAX:INDGD, EADSF, RNMBF, RNMBY, HAGHY, TNIPFBy: Arundhati Sarkar, SA News Editor
German Military Camouflage Uniform with National Flag

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  • German lawmakers are reportedly set to approve spending €2.9 billion ($3.4 billion) on 11 military procurement contracts, including for drones, rifles, and missiles, in deals that will go largely to domestic manufacturers.
  • The defense ministry asked parliament to give the
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