IBOV 172,301.21 ▲ 0.56% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL5.56▼ 0.40% USD/MXN18.63▲ 0.01% USD/CLP982.78▼ 0.15% USD/COP3,278▲ 0.13% USD/PEN3.41▼ 0.06% USD/ARS1,544▼ 0.11% USD/UYU40.52▲ 3.70% USD/PYG6,174▲ 1.84% USD/BOB11.63▲ 0.92% USD/DOP61.04▲ 1.06% USD/CRC446.01▲ 1.66% USD/GTQ7.64▲ 3.18% USD/HNL26.90▲ 0.20% USD/NIO36.62▲ 1.17% USD/VES899.36▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 2.33% USD/TTD6.72▲ 2.23% EUR/BRL6.17▼ 0.16% BRENT 92.59 ▲ 1.20% WTI 86.42 ▲ 0.44% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.88% GOLD 3,995 ▼ 0.88% SILVER 51.85 ▲ 1.46% SOY 1,231 ▲ 0.49% CORN 448.75 ▼ 0.06% WHEAT 600.75 ▲ 1.35% COFFEE 265.45 ▼ 2.19% SUGAR 18.47 ▲ 2.10% ORANGE JUICE 146.60 ▼ 0.10% COTTON 82.35 ▲ 4.65% COCOA 5,061 ▲ 6.73% BEEF 218.80 ▼ 0.18% CATTLE 327.90 ▼ 0.74% LITHIUM 61.23 ▲ 2.08% PETR4 43.97 ▼ 2.18% VALE3 64.53 ▼ 0.42% ITUB4 41.73 ▲ 1.29% BBDC4 14.36 ▼ 1.24% ABEV3 15.80 ▲ 0.06% BBAS3 17.06 ▼ 0.23% B3SA3 14.79 ▲ 2.14% WEGE3 51.58 ▲ 1.24% PRIO3 61.71 ▲ 2.82% SUZB3 54.08 ▼ 0.70% RENT3 30.25 ▲ 1.54% AZZA3 15.19 ▲ 3.12% CSAN3 3.00 ▲ 11.94% RAIZ4 0.30 ▼ 98.77% PCAR3 2.55 ▼ 0.39% GMAT3 4.02 ▲ 5.51% PSSA3 46.10 ▼ 1.22% CVCB3 0.86 — 0.00% POSI3 3.27 ▲ 3.81% SLCE3 17.12 ▲ 0.18% NATU3 5.62 ▲ 1.26% BRKM5 2.93 ▲ 0.34% RANI3 8.40 ▼ 0.59% CSNA3 4.47 ▲ 2.05% IBOV 172,301.21 ▲ 0.56% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL 5.56 ▼ 0.41% USD/MXN 18.62 ▼ 0.01% USD/CLP 982.78 ▼ 0.15% USD/COP 3,278 ▲ 0.13% USD/PEN 3.41 ▼ 0.06% USD/ARS 1,544 ▼ 0.11% USD/UYU 40.52 ▲ 3.70% USD/PYG 6,174 ▲ 1.84% USD/BOB 11.63 ▲ 0.92% USD/DOP 61.04 ▲ 1.06% USD/CRC 446.01 ▲ 1.66% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.90 ▲ 0.20% USD/NIO 36.62 ▲ 1.17% USD/VES 899.36 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 2.33% USD/TTD 6.72 ▲ 2.23% EUR/BRL 6.17 ▼ 0.15% BRENT 92.59 ▲ 1.20% WTI 86.42 ▲ 0.44% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.88% GOLD 3,995 ▼ 0.88% SILVER 51.85 ▲ 1.46% SOY 1,231 ▲ 0.49% CORN 448.75 ▼ 0.06% WHEAT 600.75 ▲ 1.35% COFFEE 265.45 ▼ 2.19% SUGAR 18.47 ▲ 2.10% ORANGE JUICE 146.60 ▼ 0.10% COTTON 82.35 ▲ 4.65% COCOA 5,061 ▲ 6.73% BEEF 218.80 ▼ 0.18% CATTLE 327.90 ▼ 0.74% LITHIUM 61.23 ▲ 2.08% PETR4 43.97 ▼ 2.18% VALE3 64.53 ▼ 0.42% ITUB4 41.73 ▲ 1.29% BBDC4 14.36 ▼ 1.24% ABEV3 15.80 ▲ 0.06% BBAS3 17.06 ▼ 0.23% B3SA3 14.79 ▲ 2.14% WEGE3 51.58 ▲ 1.24% PRIO3 61.71 ▲ 2.82% SUZB3 54.08 ▼ 0.70% RENT3 30.25 ▲ 1.54% AZZA3 15.19 ▲ 3.12% CSAN3 3.00 ▲ 11.94% RAIZ4 0.30 ▼ 98.77% PCAR3 2.55 ▼ 0.39% GMAT3 4.02 ▲ 5.51% PSSA3 46.10 ▼ 1.22% CVCB3 0.86 — 0.00% POSI3 3.27 ▲ 3.81% SLCE3 17.12 ▲ 0.18% NATU3 5.62 ▲ 1.26% BRKM5 2.93 ▲ 0.34% RANI3 8.40 ▼ 0.59% CSNA3 4.47 ▲ 2.05%
since 2009
Wednesday, November 11, 2026

Defense Monitor Europe and Russia

Lithuania Signs Largest-Ever Defense Contract in Berlin

By · · 2 min read

Lithuania signed a €2 billion contract for 44 Leopard 2A8 tanks in Berlin, marking the largest purchase in the country’s history. Defense Minister Dovilė Šakalienė finalized the deal with her German counterpart, Boris Pistorius.

This agreement marks a significant shift in Baltic defense capabilities. The Leopard 2A8 stands out as Europe’s most advanced battle tank. Each 70-ton machine features a powerful 120mm cannon and cutting-edge digital fire control systems.

The package includes ammunition, logistics support, and maintenance equipment to ensure long-term operational success. Money talks in defense matters. Lithuania’s increased military budget made this purchase possible ahead of schedule.

Free daily brief — no card needed
Get every Defense Monitor story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

The timing proves crucial as the Baltic nation works to build a credible deterrent force. These tanks will form the backbone of Lithuania’s new national division, filling a critical gap in heavy armor capabilities.

The deal goes beyond mere hardware acquisition. It creates stronger military ties between Lithuania and Germany, as both forces will now operate similar equipment.

Lithuania Signs Largest-Ever Defense Contract in Berlin
Lithuania Signs Largest-Ever Defense Contract in Berlin.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

This compatibility enhances NATO‘s collective defense capabilities in the Baltic region, where rapid response and interoperability matter most.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Petrobras to pay shareholders US$2.7 billion”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

Lithuania’s tank purchase reflects a clear-eyed assessment of regional security needs. The National Defense Council’s evaluation pointed to the Leopard 2 series as the most effective choice for Lithuania’s defense requirements.

This decision transforms Lithuania’s ground forces from a light infantry-based military into one with serious armored punch. The significance extends beyond Lithuania’s borders.

This acquisition represents the largest single purchase in the country’s history, not just in military terms. It demonstrates how smaller NATO members can make substantial contributions to collective defense while modernizing their own forces.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.