NATO allies need to sign more contracts with defense companies to boost production given their ammunition stocks are running dry, the military bloc’s chief said, as he urged countries to spend at least 2% of GDP as soon as possible, Bloomberg reports.
“We need to do more across the whole alliance” to ramp up production, NATO Secretary General Jens Stoltenberg said in an interview in Oslo after a two-day meeting of the alliance’s foreign ministers. The envoys discussed Ukraine’s bid to join the bloc and other ways to ensure long-term support for the country as it fends off Russia’s attack.
The NATO Secretary General also talks about the need to sign contracts with defense companies, which will provide an opportunity to increase the flow of investment and increase the pace of ammunition production.
According to Stoltenberg’s comment, NATO sent an invitation to representatives of the defense industry to attend a meeting of defense ministers in Brussels.
The Secretary General of the alliance believes that the participation of representatives of the military-industrial complex will help to conclude the necessary contracts faster.
Stoltenberg says that at the moment, NATO members have depleted their stocks of ammunition, as many shells were sent to the Armed Forces.
The NATO Secretary General emphasizes the need to increase production to meet more ambitious goals.
