Bloomberg:

Germany is in talks with several defense manufacturers to build a multi-layered, anti-missile shield that could cost as much as €17 billion ($18.5 billion), according to people familiar with the matter.  

Chancellor Olaf Scholz’s coalition government is in negotiations with Bavarian-based manufacturer Diehl Defence to procure up to eight IRIS-T anti-missile systems with a contract volume of €2 billion to €3 billion, said the people, who asked not to be identified because the talks are private. 

The planned shield, which would also include other systems, would aim to protect Germany as well as neighboring countries from missile attacks, according to the people. The cost of the missile system is subject to change as negotiations are ongoing.

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