Americans to snatch half of Berlin’s $109bn military upgrade fund – German arms maker ...News

The national government still doesn’t consider the defense industry strategically important, a top executive has said American defense contractors are likely to get up to half of Berlin’s €100 billion ($109 billion) military modernization fund, the CEO of a German tank-parts manufacturer has warned, accusing the country’s government of lacking strategic vision for the domestic industry. “I don’t believe that much of the money will be left over for the German industry,” Susanne Wiegand of Renk Group told reporters in Munich on Monday. “Germany has no political compass for the defense industry.” The German moderniza

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