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Germany nears approval of 12B euro military agreement
The legislative committees in Germany are preparing to approve a defense deal worth approximately 12 billion euros, which includes the purchase of eight frigates from TKMS to combat submarines, as part of a plan to strengthen European capabilities by 2029. The deal involves the delivery of the first ship in 2029, with costs reaching around 6.6 billion euros for the first four frigates. This project replaces a previous one that was canceled due to delays in its implementation.
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