Sign In  |  Register  |  About San Anselmo  |  Contact Us

San Anselmo, CA
September 01, 2020 1:33pm
7-Day Forecast | Traffic
  • Search Hotels in San Anselmo

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

NATO places nearly $700M order for Stinger anti-aircraft missiles, official says

NATO's Secretary-General Jens Stoltenberg has confirmed that the alliance has placed an order for Stinger anti-aircraft missiles worth almost $700 million.

NATO has placed an order for Stinger anti-aircraft missiles worth almost $700 million in the name of several member states, the alliance's Secretary-General Jens Stoltenberg said on Tuesday.

"Just today, the (NATO procurement agency) NSPA signed a new multinational contract for Stinger missiles worth almost $700 million," he told a gathering of defence industry leaders on the sidelines of the NATO summit in Washington.

The last contract for Stinger missiles, made by RTX's RTX.N Raytheon division, was awarded in May 2022.

NATO SUMMIT IN DC IS 'PIVOTAL' MAKE-OR-BREAK FOR BIDEN AS SCRUTINY OVER FITNESS FOR OFFICE INTENSIFIES

This was when the U.S. Army contracted $625 million worth of the anti-aircraft missiles to replenish stocks sent to Ukraine.

The shoulder-fired Stinger missiles have been in hot demand in Ukraine, where they have successfully stopped Russian assaults from the air, and in neighboring European countries which fear they may also need to beat back Russian forces.

The NATO order for Stingers will keep the production line running through 2029, an RTX spokesman told Reuters.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanAnselmo.com & California Media Partners, LLC. All rights reserved.