site.btaNATO Leaders Commit to Increase Alliance's Defence Industry Capacity

NATO Leaders Commit to Increase Alliance's Defence Industry Capacity
NATO Leaders Commit to Increase Alliance's Defence Industry Capacity
NATO leaders attend Working Session II of the NATO Summit in Washington, July 11, 2024 (AP Photo/Jacquelyn Martin)

The NATO heads of State and Government have endorsed a new Industrial Capacity Expansion pledge at the Washington Summit, the organization said on Thursday.

The Pledge made by all 32 Allies aims to accelerate defence industrial capacity and production across NATO, and underscores the strategic importance of transatlantic defence cooperation.

A robust defence industry is indispensable to keep NATO's deterrence and defence strong, and to continue to support Ukraine, the Allied leaders reaffirmed at their meeting on Wednesday. The Pledge includes long-term actions such as developing national plans to strengthen industrial capacity, accelerating multinational procurement, enhancing the implementation of standards to increase interoperability, removing barriers to trade and investment, and securing critical supply chains.

The Allies also pledged to deliver critical capabilities to Ukraine rapidly, with an initial focus on munitions and air and missile defence systems. 

The new Pledge builds on the Defence Production Action Plan agreed upon at the Vilnius Summit in July 2023. Since then, Allies have made significant progress in updating national defence strategies, streamlining procurement processes, and investing in industrial production.

In January, European NATO Allies agreed to jointly buy up to 1,000 Patriot missiles. In the margins of the Summit, the NATO support and procurement agency has placed an order for Stinger anti-aircraft missiles worth USD 700 million. Over the next five years, NATO Allies across Europe and Canada plan to acquire thousands of air defence and artillery systems, 850 modern aircraft, mostly 5th generation F-35s, and a substantial number of high-end capabilities.

/RY/

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By 11:56 on 30.10.2024 Today`s news

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