Space Industry and Business News
MILPLEX
Portugal says to meet NATO defence spend minimum earlier
Portugal says to meet NATO defence spend minimum earlier
by AFP Staff Writers
Lisbon (AFP) Jan 27, 2025

Portugal on Monday said it was ready to bring forward its planned increases on defence spending -- among the lowest in NATO -- to meet the defence alliance's two-percent of GDP minimum before 2029.

But neighbouring Spain, bottom of the pile of NATO members' defence spending as a proportion of output, refused to budge on its timeline of hitting the two-percent mark by 2029 during a visit by alliance chief Mark Rutte.

Portugal's announcement came after the return to power of US President Donald Trump, who has frequently castigated European members of the alliance for not investing enough in their militaries.

The mercurial Republican has in the past thrown into question whether the United States would protect NATO members who did not meet the spending threshold, which he recently suggested should be raised to five percent of GDP.

At just 1.55 percent of its 2024 GDP, Portugal's investment in defence places it close to the bottom of the list.

Lisbon committed at last summer's NATO summit in Washington to reach the two-percent threshold by 2029.

And after a meeting on Monday with Rutte in Lisbon, Portuguese Prime Minister Luis Montenegro said his country was "ready to bring forward even further the timetable for our trajectory of investment in this area".

- 'Security beyond spending' -

Montenegro said that decision was made with "current geopolitical circumstances" in mind.

However, he denied that Trump's return to the White House had influenced the choice to accelerate Portugal's spending plans.

Rutte said he welcomed the increases in the country's defence spending.

"But we also know that the goal of two percent, now set a decade ago, will not be enough to meet the challenges of tomorrow," the former Dutch prime minister added.

Rutte then travelled to Madrid for talks with Spanish Prime Minister Pedro Sanchez, whose country spent just 1.28 percent of its national output on defence in 2024.

The Socialist leader told Rutte "Spain is a serious, responsible and committed ally within NATO" and "underlined the firm commitment" to reach two percent by 2029, Sanchez's office said.

Spain has boosted its defence investment by 70 percent in the past decade and Sanchez "highlighted that security goes far beyond defence spending", his office added, citing the country's participation in "all of NATO's main missions".

Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
MILPLEX
India boosts domestic arms industry and looks West to pare back Russia reliance
New Delhi (AFP) Jan 27, 2025
India's efforts to pare back a longstanding reliance on Russian military hardware is bearing fruit after the courting of new Western allies and a rapidly growing domestic arms industry, analysts say. At a time when Moscow's military-industrial complex is occupied with the ongoing war in Ukraine, India has made the modernisation of its armed forces a top priority. That urgency has risen in tandem with tensions between the world's most populous nation and its northern neighbour China, especially s ... read more

MILPLEX
SoftBank eyes $15-25 bn investment in OpenAI: FT

Sidus Space Secures FCC Approval for Enhanced Space-to-Space Data Relay on LizzieSat

Materials Can Remember Sequences of Events in Unexpected Ways

EdgeCortix SAKURA-I AI Accelerator Validated for Radiation Resilience in Space Missions

MILPLEX
SpaceX set to launch Hisdesat's SpainSat NG I satellite on January 28

Controversy in Italy over potential deal with Musk's SpaceX

Quadsat and NATO NCIA validate Quadsat system for WGS compliance testing

ESA to support development of secure EU communications satellite constellation

MILPLEX
MILPLEX
GMV to advance the Galileo High Accuracy Service with new data generator

Sierra Space resilient GPS Satellite Program achieves major development milestone

Slingshot Aerospace to enhance USSF technology for GPS jamming and spoofing detection

SATELLAI introduces satellite and AI-driven pet wearables

MILPLEX
Boeing reports 2024 loss of $11.8 bn after strike, safety issues

India, China agree to resume flights 5 years after stoppage

Europe torn between bigger airports and climate goals

UK eyes third Heathrow runway in growth takeoff bid

MILPLEX
Shares in Dutch chip giant ASML soar on bullish orders

Mizzou scientists leverage layered crystals for next-gen energy solutions

DeepSeek's 'Sputnik moment' exposes holes in US chip curbs

'Good news': Dutch chip giant ASML welcomes DeepSeek

MILPLEX
Aerospace Corp and Google collaborate to enhance space weather forecasting with AI

Smouldering woody debris drives air pollution in the Amazon

Planet Partners with European Space Agency to Contribute to Copernicus Mission

The pioneering science linking climate to weather disasters

MILPLEX
Trump's environment pick confirmed, drawing cheers from industry

French city Nice limits big cruise ships

Bacteria found to eat forever chemicals - and even some of their toxic byproducts

Mafia waste victims seek justice in Italy's 'Land of Fires'

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.