By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Markets > Stocks > Berlin plans to spend 8 billion euros in package for 60 Boeing Chinook helicopters -source
Stocks

Berlin plans to spend 8 billion euros in package for 60 Boeing Chinook helicopters -source

News Room
Last updated: 2023/06/25 at 9:20 AM
By News Room
Share
2 Min Read
SHARE

© Reuters. FILE PHOTO: U.S. Army’s Boeing CH-47F Chinook arrives ahead of the opening of the International Aerospace Exhibition ILA at Schoenefeld Airport in Berlin, Germany, June 21, 2022. REUTERS/Christian Mang

BERLIN (Reuters) – Germany aims to purchase 60 Chinook helicopters from Boeing (NYSE:) in a package that would cost up to 8 billion euros ($8.71 billion), including necessary infrastructure for the aircraft, a parliamentary source told Reuters on Friday.

The sum includes the procurement of the CH-47 heavy-lift helicopters for 6.27 billion euros, 700 million euros for service, 240 million euros for national contracts and 750 million euros for the infrastructure, the source said, confirming reports by other media.

The deal still needs approval by the German parliament’s budget committee, which is set to discuss the contract before the summer break.

Germany announced its intent to buy 60 Chinook heavy-lift helicopters from Boeing last year to replace its ageing CH-53 fleet. Originally, six billion euros had been budgeted for the helicopters.

Germany’s Chancellor Olaf Scholz shifted policy in February 2022 after Russia invaded Ukraine, sharply increasing defense spending and committing 100 billion euros for the Bundeswehr, Germany’s armed forces.

($1 = 0.9181 euros)

Read the full article here

News Room June 25, 2023 June 25, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Why Build-A-Bear Is Quietly Crushing The Market

Watch full video on YouTube

Economic accidents are cockroaches, not termites. 🪳

Watch full video on YouTube

Fraudsters use AI to fake artwork authenticity and ownership

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT…

John Hancock Multimanager Lifestyle Moderate Portfolio Q3 2025 Commentary

A company of Manulife Investment Management, John Hancock Investment Management serves investors…

Role reversal: how foot-dragging France blindsided newly assertive Berlin

German Chancellor Friedrich Merz was making one last push to persuade EU…

- Advertisement -
Ad imageAd image

You Might Also Like

Stocks

CPS reports solid 2023 performance, eyes future growth By Investing.com

By News Room
Stocks

Niu Technologies faces mixed results in Q4 2023 By Investing.com

By News Room
Stocks

Exagen Inc. reports strong 2023 revenue growth By Investing.com

By News Room
Stocks

Legacy Housing reports mixed results amid sales decline By Investing.com

By News Room
Stocks

Harmony Biosciences exec sells over $383k in stock By Investing.com

By News Room
Stocks

Biofrontera posts record revenue and outlines growth plans By Investing.com

By News Room
Stocks

Granite Ridge CFO buys $31,000 in company stock By Investing.com

By News Room
Stocks

Coliseum Capital Management buys MasterCraft Boat shares worth over $3.2m By Investing.com

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?