Germany’s ruling coalition will forge ahead this quarter with a sweeping overhaul of the nation’s armed forces with orders worth as much as €7 billion ($7.6 billion) for two navy frigates and hundreds of armored transport vehicles, APA reports citing Bloomberg.
The government will exercise an option to buy two additional navy F126 frigates for about €3 billion, taking the total number to six, according to people familiar with the plans, who asked not to be identified discussing confidential information.
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