Spain Spends on Urgent Requirements

Although Spain cannot reach the NATO target to spend 2% of GDP on defence in the medium term, the new Socialist government has promised to commit EUR5 billion (USD5.86 billion) on new equipment by the end of 2018. Defence Minister Margarita Robles told the Cadena SER radio station on 11 July that the money would be spent on “urgent...

Although Spain cannot reach the NATO target to spend 2% of GDP on defence in the medium term, the new Socialist government has promised to commit EUR5 billion (USD5.86 billion) on new equipment by the end of 2018.

Defence Minister Margarita Robles told the Cadena SER radio station on 11 July that the money would be spent on “urgent requirements”.

Robles’ secretary of state, Ángel Olivares, listed the main items that would be included in spending plans for 2018: a second tranche of NH90 helicopters for the navy, expected to cost around EUR1.45 billion spread over the coming years, and the modernisation of Chinook heavy-lift helicopters.

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Source: www.janes.com