Heckler & Koch reported record profits in the first half of the year, with revenue up 47.1% to €263.9 million. The German arms maker also saw profits more than triple as defence spending rose.
Heckler & Koch Posts Record Half-Year Profit
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Tag: defence spending
German Military Strength Hits 13-Year High
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Germany’s military reached 186,700 active soldiers in July, the highest level in 13 years. Applications also rose 26 percent as Berlin expands recruitment and defence spending, leaving its 2026 troop goal now well within reach this year.
Finland to Exceed NATO Spending Goal
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Finland says it will exceed NATO’s 1.5 percent target for defence- and security-related spending in 2026, reporting an estimated 2.4 percent of GDP under the framework. The government said spending will include preparedness, resilience and homeland defence-related activities beyond the Ministry of Defence.
Germany to Buy 40% Stake in Tank Maker KNDS
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Germany plans to buy an initial 40% stake in defence company KNDS, the maker of Leopard 2 tanks and Panzerhaubitze 2000 systems, as Berlin seeks greater involvement in the defence industry and aims to retain key expertise.
Germany Orders €1B Rheinmetall Gear
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Germany has ordered €1 billion in infantry equipment from Rheinmetall, including protective gear and digital systems. The package aims to improve coordination and battlefield awareness for thousands of soldiers.
Germany Signs €111B Defence Deals Since 2022
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Germany has signed defence contracts worth €111 billion since 2022 under its military overhaul. The government increased spending after Russia’s invasion of Ukraine, but faces criticism over transparency.
German Industry Eyes Defence Opportunities
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German companies are increasingly exploring defence opportunities as geopolitical tensions drive demand. A new survey shows rising interest, with more firms planning to enter the sector in the coming years.
Germany Clears €50bn for New Weapons
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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.
Germany to Consider Spending €50B on Defence
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Germany’s parliament will consider spending around €50 billion on defence this week, covering major arms procurement for the Bundeswehr, including Arrow 3 and Patriot air defence systems and Puma infantry fighting vehicles.
EU Council clears Germany’s defence spending plans
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The EU Council has endorsed Germany’s medium-term fiscal plan and activated the national escape clause, allowing limited temporary flexibility for higher defence spending under the Stability and Growth Pact. The clause permits deviation of up to 1.5% of GDP annually for four years while maintaining overall fiscal discipline.
45% Germans for 5% of GDP on defence
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Some 45 percent of German respondents favour spending 5 percent of GDP on defence that compared to 37 percent who oppose it, with 18 percent saying they don’t know, a poll from YouGov conducted for the Munich-based newspaper Süddeutsche Zeitung showed.
Europeans divided on increased NATO defence spending
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A survey published on Monday by the European Council on Foreign Relations (ECFR) found that support for increased defence spending is highest in Poland and Denmark (70 percent), followed by Britain (57 percent), Estonia (56 percent) and Portugal (54 percent).
Germany unveils roadmap to 5% on defence
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Defence Minister Boris Pistorius outlined a plan for Germany to increase military expenditure as a ratio of gross domestic product (GDP) by 0.2 percentage points per year over a period of seven years.
NATO sees German defence spending at €90.6B
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A new NATO overview says the record €90.6B on defence expenditure, to which Berlin committed for the first time this year, corresponds to a 2.12 percent share of the forecast German GDP, and is higher than expected at the beginning of the year.
