Spanish Minister of Defense María Dolores de Cospedal will soon detail her new plan concerning a 15-year investment cycle for weapons systems. To put this plan in the Spanish defense “landscape”, let’s precise that the country’s defense expenditure for 2017 was estimated by NATO at 0.92% of GDP, the same as in 2014. The NATO target, agreed at the Wales summit meeting in 2014, is for national defense spending by all members to increase to 2% of their GDP by 2024.
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| The 15-year investment cycle is targeting a wide range of materiel, namely the replacement of the BMR 600s by Piranha 5 AFVs (Picture source: Army Recognition) |