🤔 This week: TSLA Q3 earnings report - is now the right time to buy the EV giant?Explore TSLA Data

Britain and Germany to bolster defence cooperation with new agreement

Published 10/22/2024, 05:36 PM
Updated 10/22/2024, 05:42 PM
© Reuters. FILE PHOTO: German Defence Minister Boris Pistorius speaks to the media, on the day of a G7 Defence Ministers meeting in Naples, Italy October 19, 2024. REUTERS/Ciro De Luca/File Photo

LONDON (Reuters) - Britain and Germany will sign a defence agreement on Wednesday, the first of its kind between Europe's two biggest spenders on defence, which includes a commitment to develop new deep-strike weapons.

The two NATO allies said the pact, known as the Trinity House Agreement, would strengthen their ability to cooperate and conduct exercises on the bloc's eastern flank, improving their deterrence in light of Russia's invasion of Ukraine.

"With projects across the air, land, sea, and cyber domains, we will jointly increase our defence capabilities, thereby strengthening the European pillar within NATO," German Defence Minister Boris Pistorius said, adding that the Ukraine war showed that "we must not take security in Europe for granted".

"It is particularly important to me that we cooperate even more closely to strengthen NATO's eastern flank and to close critical capability gaps, for instance in the field of long-range strike weapons."

Under the agreement, the countries will work together on developing new weapons that have a greater range and accuracy than current long-range missile systems like Storm Shadow, which Britain has given to Ukraine.

Germany will occasionally station planes in Scotland to help protect the north Atlantic Ocean, Britain said. The countries will collaborate on armed vehicles and land-based drones, as well as working to equip German Sea King helicopters - which it has given to Ukraine - with modern missile systems.

Rheinmetall will also open a new factory that will create 400 jobs and be the first manufacturer of artillery gun barrels in Britain for a decade.

British Defence Minister John Healey said the agreement was "a milestone moment in our relationship with Germany and a major strengthening of Europe's security".

"It secures unprecedented levels of new cooperation with the German Armed Forces and industry, bringing benefits to our shared security and prosperity, protecting our shared values and boosting our defence industrial bases," he said.

© Reuters. FILE PHOTO: German Defence Minister Boris Pistorius speaks to the media, on the day of a G7 Defence Ministers meeting in Naples, Italy October 19, 2024. REUTERS/Ciro De Luca/File Photo

Although a bilateral deal, the accord also means that Britain, Germany and France all have defence agreements with each other, opening the door for possible further cooperation.

In 2010, Britain signed the Lancaster House Treaties with France, while Germany and France agreed an Aachen Treaty to cover similar areas, which came into effect in 2020.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.