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| December 13, 2018

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German arms exports almost doubled in 2015: report -

A HK417 assault rifle manufactured by Heckler & Koch is pictured at the arms factory in OberndorfGerman arms exports almost doubled last year to their highest level since the beginning of this century, a German newspaper said on Sunday, citing a report from the Economy Ministry that is due to be presented to the cabinet on Wednesday. Newspaper Welt am Sonntag said the value of individual approvals granted for exporting arms was 7.86 billion euros ($ 8.75 billion) last year compared with 3.97 billion euros worth of arms exports in 2014. It said the Economy Ministry had pointed to special factors that boosted arms exports such as the approval of four tanker aircraft for Britain worth 1.1 billion euros.



Economy News Headlines – Yahoo! News

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