German lawmakers are set to approve a more-than-€50 billion defense procurement package at the Bundestag Budget Committee, following disclosures of a wider multi‑hundred‑billion rearmament plan in Defence Ministry documents.The package includes about €22 billion for protective gear and €10 billion for upgrades to infantry fighting vehicles, air defence and missile systems, and markets rallied as the Stoxx Europe Aerospace and Defense index and shares of
Rheinmetall,
Hensoldt and
Renk rose; earlier files had detailed
loitering munitions,
hypersonic weapons, more than €64 billion in planned direct awards and proposals to expand
Heimatschutz and reintroduce conscription.