Twelve NATO nations intend to invest a combined total of 50.66 billion US dollars in long-range precision strike capabilities over the next ten years. The initiative was presented at the NATO summit in Ankara (Turkey).
In a joint statement, Denmark, Estonia, Finland, France, Germany, the Netherlands, Norway, Romania, Spain, Sweden, Turkey, and the United Kingdom announced that they will increase investments in so-called Deep Precision Strike (DPS) capabilities.
According to the statement, the initiative forms part of efforts to strengthen NATO's deterrence and defence, and to give European allies greater responsibility for collective security within the alliance.
The nations emphasise that the need for enhanced DPS capabilities has been brought into focus partly by recent changes in US force dispositions. They describe the capabilities as an integrated part of NATO's defence planning, and intend to accelerate both procurement and delivery, including through multinational cooperation.
In the statement, the nations declare that they are collectively committed to investing 50.66 billion US dollars in DPS capabilities over the coming ten years.