Nato signs $700 mn Stinger missile contract to boost arms production

The Stinger is a portable surface-to-air defense system that can be carried and fired by troops or mounted to a vehicle and used as short-range defense against aircraft

NATO
Outgoing Nato Secretary General Jens Stoltenberg announced the contract Tuesday. (Photo: Reuters)
AP Washington
3 min read Last Updated : Jul 10 2024 | 6:52 AM IST

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.

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.

The Stinger is a portable surface-to-air defense system that can be carried and fired by troops or mounted to a vehicle and used as short-range defense against aircraft. The Raytheon-produced system was one of the first weapons the US shipped to Ukraine following Russia's 2022 invasion.

The Nato summit is occurring against a backdrop of uncertainty: US political divisions delayed weapons for Ukraine for months and the upcoming presidential election is raising concern that US backing with weapons and troops in case of threats against member countries may not always be guaranteed.

Donald Trump, the presumptive Republican nominee, has boasted during campaign speeches that he'd encourage Russia to do as it wished with Nato members that do not meet their commitment to spend 2% of their gross domestic product on defence.

Out of 32 Nato members, 23 are expected to meet the 2% commitment this year, up from just six before Russia's invasion of Ukraine.

Since the invasion, the US has provided more than $53.6 billion in weapons and security assistance to Ukraine. This support, at a time when the US also is sending weapons to Israel and Taiwan, has strained the US stockpile. The rest of the Nato members and other international partners have provided about $50 billion altogether in weapons and security assistance, according to the Kiel Institute for the World Economy, an independent research organisation based in Germany.

National security adviser Jake Sullivan told the Chamber of Commerce that for the first time ever, the Nato countries will each pledge to make plans to strengthen their own industrial defence capacity. He said this will help the alliance prioritise production of the most vital defence equipment we would need in the event of a conflict".

Two Nato officials, speaking on condition of anonymity to provide details that have not been announced publicly, said part of the summit is focused on having each member commit to submitting defense industrial plans over the next year on how they would boost internal production.

The 32 members have widely varying defense industry sizes and capabilities, so each country's plan could widely vary, from partnering with industry, to partnering with other countries, one of the officials said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :NATONATO weaponsNATO alliance

First Published: Jul 10 2024 | 6:52 AM IST

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