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German’s Leopard 2 Cost $11 Million

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By Douglas A. McIntyre Published
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German’s Leopard 2 Cost $11 Million

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Ukraine has asked Germany for Leopard 2 tanks as part of a much larger weapons shipment from the NATO countries to counter the Russian invasion. Germany has not agreed. If it changes its mind, the decision carries a price tag. The Leopard 2s cost $11 million each. Germany would not charge Ukraine for these. Like all other aid packages to Ukraine from NATO, there is no expectation of compensation.
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The Leopard 2 has been in service since 1979. Despite that, with upgrades, it is considered one of the most modern battle tanks in the world. Germany has sold them to 15 other countries. Some would like to send theirs to Ukraine, but, as a condition of sales, they are blocked from doing so. Poland has indicated it may ignore this agreement. It has 247.

Ukraine has asked for 300 Leopard 2 battle tanks. Most likely, it will get a fraction of that. Ukraine argues that a Russian offensive in the spring is likely. Its supply of tanks is low. Most of these it has are older Russian models, some of which are in disrepair.

Leopard 2 tanks have sophisticated weapons that can be used in rough terrain. According to The New York Times, “The tank, which is powered by a diesel engine, features night-vision equipment and a laser range finder that can measure distance to an object, enabling it to better aim at a moving target while traveling over rough terrain.”
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In the scheme of things, the cost of the tanks Germany may give to Ukraine is relatively low. The $11 million per tank is a tiny fraction of its defense budget. It wants NATO partners to send more of their own weapons before it releases any Leopard 2s. If that is not settled, the cost to Germany will be zero. (These are the countries with the largest militaries.)

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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