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Germany Advances €536M Drone Deal Linked to Thiel

2/16/2026

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Story summary
  • German Defense Minister Boris Pistorius said at Munich Security Conference that he sees no issue with a drone deal tied to a company linked to Peter Thiel.
  • The deal is worth about €536 million and will be discussed by Parliament's budget committee in February.
  • Thiel's ownership stake is estimated at 3%–4.5% and does not indicate significant influence.
  • Pistorius said ownership and influence matter, but they do not obstruct the contract.