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Sunday, March 26, 2023

Defense industry: Hardly any orders from special assets – total decreases | Foreign Policy

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The German defense industry is criticizing the government for the lack of orders from the €100bn special fund for the armed forces, with few orders being placed.

The industry is calling for planning security as it waits for orders from the government, and the lack of investment is concerning for the industry. The actual amount available from the fund could continue to shrink this year due to rising interest rates the government must pay for borrowing from special assets. The interest rates are affecting the purchasing power of the remaining funds, and the industry is concerned that less money will be available for acquisitions for the Bundeswehr. The Defense Ministry has said it cannot say which specific investments will be eliminated as a result of rising interest rates.

Source:https://foreignpolicy.com/2023/02/17/china-sanctions-u-s-defense-companies-over-arms-sales-to-taiwan-lockheed-raytheon-balloon/ 

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