Tag: defence investment

Daimler Truck Targets €1B Defence Sales

Mercedes-Benz Arocs vehicles for defence applications | Image: Daimler Trucks

Daimler Truck is expanding its defence business under a new global brand and aims to reach €1 billion in annual defence revenues by 2028. The company plans major investments, new jobs and a broader military vehicle portfolio.

Germany Clears €50bn for New Weapons

German Defence Minister Boris Pistorius speaks after a meeting of the Bundestag's budget committee | Photo: Sebastian Christoph Gollnow/dpa

Germany has approved €50 billion in new spending to modernise its armed forces. The funds will be used to buy equipment and clothing for soldiers, expand missile defence systems such as Arrow 3 and Patriot, and purchase additional Puma infantry fighting vehicles.