Germany okays 10 bln euro defence deal with Algeria


The German government’s security council has given the green light for German companies to sell defence equipment worth about 10 billion euros over the next 10 years to Algeria, an industry source told Reuters.

There are four projects worth a total of about 10 billion euros (US$14.2 billion) over 10 years, the source said.

The companies Rheinmetall and MAN are planning to build Fuchs armoured transport vehicles with their joint venture RMMV. Daimler is planning to sell trucks and off-road vehicles. ThyssenKrupp is planning to build frigates for Algeria and train the country’s navy, Reuters reports.

Export approvals for the individual projects still have to be obtained, but that is not seen as a hurdle any longer, the source said.