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Germany set to approve €2.9 billion arms program as defense spending rises

November 28, 2025, 1:51 a.m. ETGlobal X Defense Tech ETF (SHLD), GF, DAX, FGM, FLGR, DAX:INDGD, EADSF, RNMBFRNMBY, ONT, TNIPFBy: Arundhati Sarkar, SA News Editor

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  • German lawmakers are reportedly set to approve spending 2.9 billion euros ($3.4 billion) on 11 military procurement contracts, including for drones, rifles and missiles, in deals that will largely go to domestic manufacturers.
  • The Ministry of Defense has asked Parliament to give

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