Feb 20 β€’ 11:36 UTC πŸ‡©πŸ‡ͺ Germany SZ

Bundeswehr: Drone deal to proceed – despite Peter Thiel

Germany's Defense Ministry considers concerns about Peter Thiel's involvement in Stark Defence resolved, moving forward with a drone deal.

The German Defense Ministry, led by Minister Boris Pistorius of the SPD, has acknowledged concerns regarding the involvement of American tech billionaire Peter Thiel in Stark Defence, a German manufacturer of combat drones. Despite initial criticism and scrutiny, the ministry has determined that these concerns have been addressed sufficiently. As a result, the Bundeswehr is set to push forward with the multi-billion dollar deal concerning drone procurement.

Following intense backlash related to Thiel's investment in Stark Defence, the Defense Ministry sought clarity on his role within the company. After thorough investigation, the ministry concluded that the allegations surrounding his participation do not warrant halting the procurement process. This has paved the way for the Bundestag to consider approving the major contract in the upcoming week, highlighting the urgency and significance of the military's modernization efforts.

This potential drone deal emphasizes Germany's commitment to advancing its military capabilities amid growing security concerns. As countries seek to enhance their defense systems in response to global geopolitical shifts, the approval of this contract holds broader implications for defense collaboration within Europe and beyond. The Defense Ministry's decision reflects a balancing act between addressing public concerns and the operational needs of the Bundeswehr in a rapidly evolving security landscape.

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