Nato allies announce £37bn for new missile project
Summary
Twelve NATO countries, including the UK, plan to spend over £37 billion in the next ten years to develop a new long-range missile called the Deep Precision Strike project. This missile will protect Europe by striking targets up to 1,250 miles away and is expected to be ready in the 2030s.Key Facts
- The Deep Precision Strike missile project involves 12 NATO countries and will cost more than £37 billion ($50 billion) over ten years.
- The missile can hit targets nearly 200 miles away accurately, with the potential to reach up to 1,250 miles.
- The project was announced ahead of the NATO summit in Ankara, Turkey.
- The UK, led by Prime Minister Sir Keir Starmer, is spearheading the initiative.
- NATO members agreed to spend 3.5% of GDP on defense by 2035, but the UK has yet to present a full plan to meet this goal.
- The UK government has already committed £300 billion for defense by 2030 as part of its Defence Investment Plan.
- NATO has increased its readiness due to heightened Russian military activity near allied borders.
- Ukrainian President Zelensky urged NATO allies to provide air defense systems to help Ukraine against Russian attacks.
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