NATO sees $145B in munitions needs, as members all hit 2 percent GDP for first time
"That is clearly one of the main areas we will focus on at the next NATO summit," Rutte said regarding munitions production.
"That is clearly one of the main areas we will focus on at the next NATO summit," Rutte said regarding munitions production.
"MBDA has attained an unprecedented strategic dimension as one of the instrumental pillars of rearmament in Europe," CEO Eric Béranger said.
Paris also plans to launch a new platform dubbed France Munitions to act as a wholesale buyer of weapons for both the French Armed Forces and export customers.
While Gen. Dan Caine said the US has "sufficient precision munitions for the task at hand," lawmakers are considering a high-dollar supplemental infusion to backfill missile supplies.
Former Peraton CFO Kenneth Sharp will become the L3Harris's top finance executive later this month.
Under the terms of the agreements, Raytheon will increase annual production of the Tomahawk cruise missile, AMRAAM air-to-air missiles, Standard Missile-6, Standard Missile-3 IIA and Standard Missile-3 IB.
Pentagon funding expires at midnight, but a Thursday evening deal between the White House and Senate Democrats should allow the department to avoid a prolonged government shutdown.
The funding proposal includes $8.4 billion more than the Pentagon’s request, falling short of the more than $50 billion in additional funding asked for by the department in the months since it sent its budget proposal to the Hill.
Appropriators threw a lifeline to the Navy’s F/A-XX fighter and Air Force’s E-7 Wedgetail programs while slamming the door on the Army’s agile acquisition request.
The timing of the multi-billion-dollar request "reflects a lack of seriousness about the role of Congress in oversight and in funding,” Sen. Chris Coons told reporters.
An increased production in munitions from Europe takes the burden off the US while securing Europe's position as a key defense partner, write Michael Kidd and Giana Farry.
Ukrainian drone producers - and NATO nations who want their technology - are hopeful a de facto ban on exporting weapons abroad might be coming to an end soon.