Germany has announced plans to significantly increase its defense spending, aiming to raise core defense expenditure to 3.5% of GDP by 2029, up from 2.4% in 2025. This move is part of Berlin's commitment to meet NATO's new defense spending targets well ahead of the 2035 deadline. The government has outlined budget plans detailing the annual spending ramp-up, supported by Germany's low debt levels and adjustments to its debt brake rules. Concurrently, Germany is preparing a major procurement program estimated at up to €25 billion to acquire up to 1,000 Leopard 2 main battle tanks and 2,500 Boxer armored fighting vehicles over the next decade. This acquisition aims to equip seven new NATO brigades and bolster deterrence against Russia. The procurement is part of a broader European effort to enhance NATO's military capabilities. Additionally, German defense company Rheinmetall anticipates orders worth up to €70 billion from the Bundeswehr, including deliveries of thousands of armored vehicles such as Leopard 2 tanks, Puma infantry fighting vehicles, and Boxer armored personnel carriers.