NATO presses to produce more weapons
A year on from their historic pledge to ramp up defense spending, NATO leaders gathering in Ankara next week will reckon with another challenge: Getting industry to produce enough weapons.
As money flows into defense budgets, up $90 billion in Europe and Canada last year alone, the 32-nation alliance is struggling to transform the funds into firepower.
“Cash is crucial, but you can’t stop a missile or a tank with a dollar or a euro,” NATO chief Mark Rutte said.
“We need to turn the cash into combat-ready capabilities, and fast. This is our shared priority.”
