“tens of billions of dollars in new contracts”
— Mark Rutte, Secretary General
✦ Summary · July 6, 2026 AI-written summary of the news — not a direct quote
NATO Secretary General Mark Rutte said Monday that European allies and Canada have raised their collective defense spending to roughly four percent of GDP. Speaking on the eve of a summit in Ankara, he noted a nearly 20% jump in core defense investment from the prior year, with an extra $258 billion planned for 2025 and 2026. Rutte also announced that at a Tuesday forum with defense manufacturers, member countries would unveil major new procurements worth many billions of dollars. The push comes as NATO nations work toward a goal of spending five percent of GDP on defense by 2035.
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- theglobeandmail.com ↗︎06 JUL 2026