Norway’s Kongsberg Defence & Aerospace, alongside German companies Diehl Defence and MBDA Deutschland, have joined forces to develop…
NATO stockpiles are evidently depleted as the allies send equipment to Ukraine and the North Atlantic alliance rushes to replenish stockpiles with high-spending deals.
In Brussels, a contract for the supply of 220,000 155 mm artillery shells worth 1.3 billion euros was signed by the NATO Support and Procurement Agency (NSPA) with Jens Stoltenberg verbally attacking Moscow.
NATO estimates speak of 4,000-7,000 artillery firings from the Ukrainian side on a daily basis, while the same estimates for the Russian side speak of 20,000.
Deliveries to NATO countries will not be completed sooner than a timeframe of 24-36 months.
Since Allied leaders agreed to NATO’s Defence Production Action Plan in July 2023, NSPA has agreed contracts for munitions worth approximately $10 billion.
Recent NSPA purchases include a $5.5 billion contract for 1,000 Patriot missiles and $4 billion for 155 mm artillery, anti-tank guided missiles, and tank ammunition. In November 2023, the NATO procurement agency also opted to buy six E-7A Wedgetail aircraft under a contract to be signed in 2024.
These record contracts demonstrate the ability of the transatlantic defence industry to strengthen NATO’s deterrence and defence and support Ukraine.
Also read: NATO | Contract signed for 1000 missiles for the Patriot system
READ MORE
DARPA | Design of heavy cargo transport seaplane by Aurora
Aurora Flight Sciences will continue designing an experimental transport heavy cargo seaplane for the US military.
Fincantieri | Acquisition of Leonardo’s underwater armaments business
Italian shipbuilder Fincantieri has formally agreed to the acquisition of Leonardo’s Underwater Armament Systems (UAS) unit.
DEFEA CONFERENCE 2024 | The greatest Defence Conference in Greece has been successfully concluded – Photos
The greatest International Defence Conference “DEFEA Conference 2024” has been concluded today with absolute success…
EU | 556 firefighters from 12 countries on the frontline across Europe
More than 500 firefighters from 12 countries will be on the frontline in key locations in Europe including Greece, France and…
Germany and Norway | Kongsberg, Diehl and MBDA Deutschland to develop new supersonic strike missile
Norway’s Kongsberg Defence & Aerospace, alongside German companies Diehl Defence and MBDA Deutschland, have joined forces to develop…
Ministry of Defence | Seminar on “Maritime Security Challenges in the European Union: The Case of the Eastern Mediterranean”
The Security and Defence Academy of the Ministry of Defence of the Republic of Cyprus and the French Institute for Advanced…
Cyprus Issue | Constructive meeting between Holgin – Christodoulidis
A report to the UN Secretary General will be drawn up by Maria Angela Holguin Queillar in the near future, as she announced shortly…
THEON INTERNATIONAL PLC | Q1 2024 Trading Update achieving outstanding performance
THEON INTERNATIONAL PLC (THEON) presented its Q1 2024 Trading Update and confirms positive results and remarkable resilience.