Germany okays 10 bln euro defence deal with Algeria

Newswire

BERLIN, July 3 (Reuters) - The German government's security council has given the green light for German companies to sell defence equipment worth about 10 billion euros over the next 10 years to Algeria, an industry source told Reuters on Sunday.

There are four projects worth a total of about 10 billion euros ($14.2 billion) over 10 years, the source said.

The companies Rheinmetall and MAN are planning to build Fuchs armoured transport vehicles with their joint venture ...

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