Germany sets aside $10.5 billion to buy F-35 fighter jets

Germany has earmarked €10 billion ($10.5 billion) to buy 35 F-35A Lightning II fighter jets, according to a government document seen by Bloomberg, reflecting Chancellor Olaf Scholz’s pledge to boost defense spending, Report informs, citing Bloomberg.

The money will come from a debt-financed €100 billion special fund that Scholz announced shortly after Russia’s full-scale invasion of Ukraine in February.

Deliveries under the plan are scheduled to take place between 2026 and 2029. The cost includes items such as air-to-ground missiles and ground infrastructure, according to the German document.