U.S. Pushes NATO Defense Spending

This is a The Hague news story, published by CNBC, that relates primarily to NATO news.

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NATO defense expenditure

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defense spending

CNBC

•

World

NATO allies will pledge to hike defense spend – but will they deliver?

Summary

Nutrition label

81% Informative

NATO summit takes place in The Hague in the Netherlands on June 24-25 .

The U.S. is pushing for allies to sharply increase their defense spending to 5% of GDP.

Some member states say they're happy to hit that milestone, but others don't even meet the 2% threshold.

NATO defense expenditure has nevertheless picked up among NATO members since Trump was last in power.

European aerospace and defense companies say they're stuck in limbo between pledges and action by way of concrete government procurement.

Leaders of Leonardo, Embraer and Saab told CNBC last week the continent needs to act decisively and collectively to make long-term commitments to defense spending and investment contracts to enable companies like theirs to scale-up their production capacity.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful