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link : Spain to buy new weapons for more than EUR 10 billion
Spain to buy new weapons for more than EUR 10 billion
Spanish Minister of Defense María Dolores de Cospedal will soon detail her new plan concerning a 15-year investment cycle for weapons systems. To put this plan in the Spanish defense “landscape”, let’s precise that the country’s defense expenditure for 2017 was estimated by NATO at 0.92% of GDP, the same as in 2014. The NATO target, agreed at the Wales summit meeting in 2014, is for national defense spending by all members to increase to 2% of their GDP by 2024.
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The 15-year investment cycle is targeting a wide range of materiel, namely the replacement of the BMR 600s by Piranha 5 AFVs (Picture source: Army Recognition)
The 15-year investment cycle is targeting a wide range of materiel, namely the replacement of the BMR 600s by Piranha 5 AFVs (Picture source: Army Recognition)
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