EU NATO Members To Purchase Extra 1,000 Patriot Interceptors


Published:  

  • EU

 


NATO European said they would boost missile production in Europe this year after Russia attacked Ukraine's cities with combined about 500 missiles and drones in few days leaving nearly 60 killed and at least 300 injured.

  On Wednesday, NATO said it would boost missile production in Europe this year after Russia attacked Ukraine's cities with a combined about 500 missiles and drones in a few days, leaving nearly 60 killed and at least 300 injured.

 

The countries that would participate in the purchase of 1,000 interceptors for the Patriot anti-aircraft missile systems include Germany, Netherlands, Romania, and Spain.

 

The Alliance reached an agreement after massive missile attacks in Ukraine, during which Patriot showed its effectiveness.

 

 

Source: NATO statement.

 

Quote: "Consolidated multinational procurement in the spirit of the European Sky Shield Initiative (ESSI) provides economies of scale and helps expand production capacity for new GEM-T missiles to meet growing demand," NATO said in a statement.

The Alliance's procurement agency has awarded a production and supply contract to COMLOG, a joint venture between Raytheon and MBDA, NATO said in a statement, adding that production of Patriot missiles will be expanded in Europe.

 

What did prompt NATO members to acquire more interceptors?


According to Ukraine's Chief Commander General Valery Zaluzhnyi, the Patriot systems shot down ten hypersonic missiles, "Kinzhal," that Russian leader Vladimir Putin claimed had no equivalent in the West.

 

How many Patriot platforms has Ukraine?
It is unknown. In December, Germany announced it provided Ukraine with a new military aid package, which included the Patriot air defense system.

 


Go back

Economy & Investment

Economy. Markets

Investment Loans Cost To Raise In 2024

The 2024 can hold surprises for traders as the world adjusts to an economic order where money is not cheap.

ℑ   3 min read

Economy. Markets

Investment Loans Cost To Raise In 2024

The 2024 can hold surprises for traders as the world adjusts to an economic order where money is not cheap.

ℑ   3 min read

Economy. Markets

Investment Loans Cost To Raise In 2024

The 2024 can hold surprises for traders as the world adjusts to an economic order where money is not cheap.

ℑ   3 min read

Economy. Markets

Investment Loans Cost To Raise In 2024

The 2024 can hold surprises for traders as the world adjusts to an economic order where money is not cheap.

ℑ   3 min read