NATO increases defense spending – Bloomberg

NATO countries located in eastern Europe have increased their defense spending to unprecedented levels following Russia’s invasion of Ukraine. This year alone they reached $70 billion. Bloomberg reported this on Wednesday, October 9.

“Right now, orders for planes, helicopters, tanks and missile systems are growing.

It stated that “after doing almost nothing” in this area for 20 years, “Europe is making the leap from the first or second generation of machines directly to the fourth or fifth generation, from a computer with 386 processors to the latest multi-core networking solutions.”

Bloomberg recalled that a year before Russia’s full-scale invasion of Ukraine, among the largest economies in the contingent, only Britain met the target set by the Alliance of 2% of gross domestic product.

Among the countries currently investing in security is Poland. It invests more than 4% of its own GDP in defense. Warsaw’s orders include dozens of fighter jets, more than 1,300 tanks from Korea and the United States and 100 AH-64E Apache attack helicopters from Boeing Co., worth $10 billion, the country’s largest purchase ever. Also in August, the country’s government signed a $1.2 billion agreement with Raytheon Technologies Corp. in the manufacture of Patriot air defense battery components.

“We will be one of the strongest armies in this part of Europe, but also in NATO,” said the chief of field artillery of the Polish ground forces. Grzegorz Potszuski.

In addition, Poland is committed to more than doubling the number of professional soldiers to 250,000 by 2035.

NATO has trained more than 500 thousand army personnel for war