Germany to Purchase €5 Billion Worth Transport Helicopters from Boeing

Germany will purchase 60 heavy transport helicopters from Boeing worth €5 billion as part of an effort to upgrade its military armor and replace its aging Sikorsky transport helicopters.

The purchase will be financed by the €100 billion defense spending announced by Scholz earlier in the year amid Russia’s invasion of Ukraine.

The CH-47F Chinook heavy transport helicopters are expected to be delivered in 2025 or 2026 at the earliest. The government plans tı replace its 50 year old CH-53G helicopters made by the Sikorsky unit of Lockheed Martin.

German Defence Minister Lambrecht will inform the parliament of the decision next week.

Lockheed Martin’s CH-53K King Stallions were also in the fray but Germany decided to buy the cheaper Chinooks. The fact that many NATO allies also use the helicopter was another factor in the purchase decision.

The Defence Ministry has not confirmed the purchase so far.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now


Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today


Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Switzerland to Speed Up F-35 Purchase

The Government of Switzerland prepares to speed up F-35 acquisition process from the United States and sign a contract by the end of March to buy 36 of the stealth fighters. The government wants to go ahead with the purchase without waiting for a referendum on the $5.5 billion deal.  

Argentina Lobbying the U.S. for IRA Exemption

As part of efforts to quickly grow its lithium mining industry, Argentina has been lobbying the Biden administration to gain access to Inflation Reduction Act’s (IRA) electric vehicle (EV) tax credits, despite not meeting the requirement of being a U.S. free trade partner. The legislation was signed into law by Biden in August to reduce China’s dominance in the EV supply chain, and is expected to boost manufacturing and uptake of EVs in the United States. But to qualify for the tax credit, the law also requires 80% of the battery metals to be sourced in the U.S. or a free trade partner by 2027.  

Europe Boosts Russian Diesel Imports Amid Impending Ban

European buyers of oil products have ramped up diesel imports from Russia as the EU ban on Russian oil products is set to take effect from Feb. 5. Traders expect the ban will tighten supplies, change global shipping routes and increase price volatility. Europe wants to fill the expected diesel supply shortage with imports from China, some of which will be produced with Russian crude. China has already raised its first batch of 2023 export quotas for refined oil products by almost 50% from a year ago. Its diesel exports will likely make up most of the quota, and could reach 400,000-600,000 barrels per day (bpd) in the first half of 2023.

Stay informed

error: This content is protected !!