New Market Research Report: Germany Defence & Security Report 2016

New Defense research report from Business Monitor International is now available from Fast Market Research

[ClickPress, Thu May 12 2016] Germany will increase defence spending over the coming years, in order to move ahead with Bundeswehr reform and expansion plans, amid regional tensions over the Ukraine conflict and migrant crisis, growing threats from terrorism, and in response to NATO military requirements. The government's planned budget increase will be facilitated by steady economic growth, and a healthy fiscal position. In the short- to medium-term, the MoD will focus on strengthening the army's capabilities - substantially gr owing its stock of land systems . The country's highly developed domestic defence industry will capture the majority of new contracts, although we do note that German authorities are working to strengthen Europe-wide collaboration on defence programmes, and will seek to support cross-border projects through investment and procurement over our forecast period to 2025.

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Recent Developments :

In 2016, Berlin aims to raise the defence budget by 4.2% y-o-y to EUR34.4bn, growing to EUR36.6bn in 2017. 2018-2019 will see moderate increases, and by 2020, the government plans a defence budget of EUR39.2bn. Our expenditure forecasts are slightly higher than the stated figures, as we are likely to see some additional funding approvals amid steady overall economic growth.

In January 2016, the Ministry of Defence (MoD) announced a 15-year, EUR130bn defence equipment spending package. The army looks set receive the majority of this funding in the near term, as the MoD revealed plans to significantly increase its stock of land systems.

Also in January, Germany issued its new Air Capability Strategy Paper outlining plans to replace its ageing CH-53 heavy-lift helicopters; develop a next-generation weapon system complementary to the Eurofighter Typhoon, as a successor to the Panavia Tornado; upgrade its P3C Orion maritime patrol and anti-submarine warfare aircraft; and join the multi-role tanker transport (MRTT) fleet with the Netherlands, Norway and Poland.

In September 2015, the German MoD announced that it had decided to fully replace the Bundeswehr's Heckler & Koch (HK) G36 service rifle by 2019.

In November 2015, Reuters reported that Airbus had received a USD14mn fine from the German MoD for delays in the delivery of A400Ms.

In June 2015, the MoD revealed plans to procure four MKS 180 multirole warships.

In May 2015, Germany and France announced plans to carry out joint concept studies on a successor to the Leopard 2 MBT.

Germany is set to lead a 15-month joint Lightweight Armoured Multi-Purpose Vehicle research programme with Italy, Portugal, Spain and the Netherlands, according to a European Defence Agency (EDA) statement in December 2015.

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