Germany to Order Ships, Armored Vehicles Worth Up to €7 Billion [Financial Post (Toronto, Ontario, Canada)]
RHEINMETALL AG UNSP/ADR (RNMBY)
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Source: Financial Post
billion ($7.6 billion) for two navy frigates and hundreds of armored transport vehicles. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Germany's ruling coalition will forge ahead this quarter with a sweeping overhaul of the nation's armed forces with orders worth as much as €7 billion ($7.6 billion) for two navy frigates and hundreds of armored transport vehicles. The government will exercise an option to buy two additional navy F126 frigates for about €3 billion, taking the total number to six, according to people familiar with the plans, who asked not to be identified discussing confidential information. Article content Article content The government will also firm up an order worth as much as €4 billion for as many as 900 Fuchs armored transporters manufactured by Rheinmetall Landsysteme GmbH for delivery starting in 2025, the people said. The main contractor for the frigate project i
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