NATO Orders $700 Million in Stinger Missiles to Bolster Defense


WASHINGTON, July 9 (Reuters) – NATO has placed a nearly $700 million order for Stinger anti-aircraft missiles, announced Secretary-General Jens Stoltenberg on Tuesday. The order, facilitated by NATO’s procurement agency (NSPA), was made on behalf of several member states.

Thank you for reading this post, don't forget to subscribe!

“Today, the NSPA signed a new multinational contract for Stinger missiles worth almost $700 million,” Stoltenberg stated at a defense industry leaders’ gathering during the NATO summit in Washington.

The latest contract follows a previous $625 million order by the U.S. Army in May 2022 to replenish stocks sent to Ukraine. Stinger missiles, produced by RTX’s Raytheon division, have been crucial in Ukraine’s defense against Russian aerial assaults and are sought after by neighboring European countries.

An RTX spokesperson confirmed that the NATO order will sustain the Stinger production line through 2029.

By Naija247news
By Naija247news
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:



More like this

US military ends Gaza floating pier mission to bring aid to Palestinians by sea

U.S. Military Ends Floating Pier Mission for Gaza Aid WASHINGTON,...

U.S. President Biden Tests Positive for COVID-19 Amid Re-election Pressure

LAS VEGAS, July 17 (Reuters) - U.S. President Joe...

Kogi women farmers seek access to N700m credit facility

July 17, 2024. Azonuchechi Chukwu. Women farmers under the auspices of...

Expert Urges Manufacturers on Effective Crisis Management and Conflict Resolution

By Rukayat Moisemhe Lagos, July 17, 2024 (NAN) – Mrs....
× How can I help you?