Hensoldt boss urges Germany to spend 3% of GDP on defence
Germany should commit to increasing its defence spending to a sum equivalent to 3% of gross domestic product, the chief executive officer of defence electronics specialist Hensoldt was quoted as saying on Tuesday. In an interview with the Neue Zuercher Zeitung, Oliver Doerre said Germany needed more tanks, more aircraft, more ships and improvements to existing weaponry to help build up a deterrent to threats emanating from countries like Russia. Doerre told the Swiss newspaper he expected the German government, which holds a 25.1% stake in Hensoldt, to maintain defence spending at a minimum of 2% of GDP.