Allies to Announce Billions in Defense Investment Plans at NATO Summit, Says Rutte
Mark Rutte said that while countries are committed to increasing their defense capabilities, industry must step up in terms of innovation and production.
TL;DR
- NATO allies will announce billions in defense spending at the July summit in Turkey.
- This reaffirms commitments made last year to increase defense spending.
- The goal is to reach 5% of GDP in defense spending by 2035.
- Countries on NATO's Eastern Flank are already exceeding spending targets.