NATO signs $700 million Stinger missile contract as it makes plans to boost arms production

NATO signs $700 million Stinger missile contract as it makes plans to boost arms production
# 09 July 2024 22:25 (UTC +04:00)

NATO has signed a nearly $700 million contract to have member countries produce more Stinger missiles, one of many steps the alliance is pressing at its summit in Washington to get each country to boost its own weapons production capabilities, APA reports citing AP.

Outgoing NATO Secretary General Jens Stoltenberg announced the contract Tuesday at a Chamber of Commerce industry day focused on increasing NATO member countries’ defense manufacturing capabilities to deter future attacks.

“There is no way to provide strong defense without a strong defense industry,” Stoltenberg said.

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