NewsInternational

Germany Sets Aside $10.5 Billion to Buy F-35 Fighter Jets

KABUL (BNA) Germany has earmarked €10 billion ($10.5 billion) to buy 35 F-35A Lightning II fighter jets, according to a government document seen by Bloomberg, reflecting Chancellor Olaf Scholz’s pledge to boost defense spending.

The money will come from a debt-financed €100 billion special fund that Scholz announced shortly after Russia’s full-scale invasion of Ukraine in February. Deliveries under the plan are scheduled to take place between 2026 and 2029.

The cost includes items such as air-to-ground missiles and ground infrastructure, according to the German document.

However, in a classified letter to the German parliament budget committee, the Defense Ministry raised concerns over soaring costs and technical problems.

Under Chancellor Olaf Scholz, Germany has embarked on a military spending drive and indicated repeatedly that it wants to take up a leading security role in Europe in the wake of the Ukraine war.

The F-35 fighter jets are meant to replace Germany’s aging fleet of Tornado nuclear-capable bombers by 2030.

W/A

Show More

Related Articles

Back to top button