German parliament approves faster arms procurement rules

Change
Germany's parliament passed legislation to speed up and simplify procurement of armaments for the armed forces.
German parliament approves faster arms procurement rules
Why it matters
The Bundestag approved an amendment to procurement law with votes from the CDU/CSU, SPD and AfD. The amendment is designed to speed up and simplify the procurement of armaments for the armed forces. An SPD lawmaker characterized the changes as a departure from procurement rules designed for times of peace. Germany relaxed debt rules last year to enable more spending on the Bundeswehr.
Implications
  • Administrative timelines for defense acquisitions are shortened under the expedited framework.
  • Bundeswehr procurement officials must operate under the new streamlined procurement requirements.

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Source

Yahoo

Topics

Policy & Regulation Security & Defense Regulatory Actions Aerospace & Defense

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