German military, Bundeswehr, places multi-billion euro order for artillery ammunition.

German military, Bundeswehr, places multi-billion euro order for artillery ammunition.

The German military, Bundeswehr, has green-lit a huge expenditure of up to 8.5 billion Euro for artillery shells from Rheinmetall. A deal for the delivery of 155mm artillery ammo, according to their announcement in Duesseldorf, was inked on Thursday.

The main purpose of this order is to beef up ammo reserves in Bundeswehr and allied states' arsenals, and to assist Ukraine in its battle against Russia.

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1. This multi-billion-euro order for artillery ammunition, amounting to 8.5 billion Euro, has been secured by Rheinmetall, an prominent armaments group within the German Armed Forces.
2. The German Armed Forces, in their partnership with Rheinmetall, have agreed to pay in Euros for the artillery ammunition, a significant contribution towards strengthening the Bundeswehr and allied states' ammo reserves.
3. As a part of the deal, which involved the company Rheinmetall, a billion Euro was invested in the production of 155mm artillery ammunition, with some of this ammo intended for assisting Ukraine in their battle against Russia.

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