100 billion euros for the Bundeswehr: profiteers and challenges!

100 billion euros for the Bundeswehr: profiteers and challenges!

In times of constantly growing geopolitical tensions, Germany plans to defend more money in order to put the Bundeswehr back into a war. The first step in this direction is the special fund for the Bundeswehr, which is equipped with a whopping 100 billion euros. As ndr are not only the classical areas such as ammunition and equipment are on the agenda, But also large investments in new fighter jets, tanks, helicopters and modern aircraft systems.

A look at the awarding of the order shows that Germany is also investing in the construction of new warships. The north German port cities of Kiel, Wolgast and Hamburg in particular benefit from this, since some of the largest armaments are based here. Thyssenkrupp Marine Systems (TKMS) in Kiel is in charge when it comes to the construction and modernization of submarines. This is just a facet of the armaments industry in the north, where smaller companies, such as Vincorion from Wedel, are also involved in the rapidly growing business.

growth forecasts and challenges

The demand for military goods is currently very popular. ZDF speaks of Rheinmetall AG as the largest profiteer, who grabs almost half of the special wealth with orders of 42 billion euros. With regard to the planned European upgrade, the Rheinmetall boss Papperger even expects an order boom of up to 400 billion euros. Many industry experts are certain that you do good business here.

But the appearance is deceptive. Despite the lush financial means, the Bundeswehr faces major challenges. Delays in the delivery of weapon systems are increasing, and at least 11 of the 13 large projects exceed the original cost estimates by around 13 billion euros. Critics complain that the Bundeswehr has hardly gained defense ability despite the money blessing. The necessary certifications and procurement system often prove to be lengthy.

The armaments industry in Germany and global trends

according to Statista The global military spending in 2023 rose to around $ 2.44 trillion, with Germany one of the greatest arms exporters. The military expenses in Germany were around $ 66.8 billion in 2023. The intensive discussion about armaments and defense ability has also gained importance through the war in Ukraine, which meant that Germany has significantly expanded its support for the country. The focus is therefore on the armaments industry, not only for our ability to defend, but also as an important economic factor.

If you look at the current situation, you could say that the armaments industry is more important today as it has not been for a long time. Politicians should ensure that the funds are used sensibly and that the required armor goods are also available promptly. Otherwise, the question of the effectiveness of the investments could quickly arise - a fact that is not in the interests of the many in industry.