Berlin plans to spend 8 billion euros in package for 60 Boeing Chinook helicopters -source

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© Reuters. FILE PHOTO: U.S. Army’s Boeing CH-47F Chinook arrives ahead of the opening of the International Aerospace Exhibition ILA at Schoenefeld Airport in Berlin, Germany, June 21, 2022. REUTERS/Christian Mang

BERLIN (Reuters) – Germany aims to purchase 60 Chinook helicopters from Boeing (NYSE:) in a package that would cost up to 8 billion euros ($8.71 billion), including necessary infrastructure for the aircraft, a parliamentary source told Reuters on Friday.

The sum includes the procurement of the CH-47 heavy-lift helicopters for 6.27 billion euros, 700 million euros for service, 240 million euros for national contracts and 750 million euros for the infrastructure, the source said, confirming reports by other media.

The deal still needs approval by the German parliament’s budget committee, which is set to discuss the contract before the summer break.

Germany announced its intent to buy 60 Chinook heavy-lift helicopters from Boeing last year to replace its ageing CH-53 fleet. Originally, six billion euros had been budgeted for the helicopters.

Germany’s Chancellor Olaf Scholz shifted policy in February 2022 after Russia invaded Ukraine, sharply increasing defense spending and committing 100 billion euros for the Bundeswehr, Germany’s armed forces.

($1 = 0.9181 euros)

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