Germany Plans to Spend Up to €17 Billion on Anti-Missile Shield
- Berlin is in talks to procure as many as eight IRIS-T systems
- Financing will come from Germany’s €100 billion defense fund
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Germany is in talks with several defense manufacturers to build a multi-layered, anti-missile shield that could cost as much as €17 billion ($18.5 billion), according to people familiar with the matter.
Chancellor Olaf Scholz’s coalition government is in negotiations with Bavarian-based manufacturer Diehl Defence to procure up to eight IRIS-T anti-missile systems with a contract volume of €2 billion to €3 billion, said the people, who asked not to be identified because the talks are private.