Germany’s Defense Splurge Set to Favor European Companies
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European weapons manufacturers from Thyssenkrupp AG to BAE Systems Plc and smaller drone makers stand to gain the most from Germany’s massive defense-spending splurge, according to people familiar with the matter, after comments by President Donald Trump raised doubts about the US’s commitment to transatlantic cooperation.
At the top of Berlin’s shopping list are six F127 battleships from Germany’s ThyssenKrupp Marine Systems valued at more than €15 billion ($16.4 billion), and 20 added Eurofighter jets from BAE and its partners worth some €3 billion, said the people, who spoke on condition of anonymity as the procurement plans aren’t public.