Canberra Has Not Got Washington’s Message on Defence Spending: Abbott

Canberra Has Not Got Washington’s Message on Defence Spending: Abbott

Former Prime Minister Tony Abbott is concerned that Australia has not got the message from Washington on defence spending, after European allies agreed to U.S. President Donald Trump’s demand. European NATO leaders promised to boost defence spending to 5 percent of gross domestic product (GDP) over 10 years. Australia has yet to make a similar pledge. “We’ve recently seen Donald Trump at NATO demanding and getting an increase in NATO defence spe…

ASELSAN sees strong market gains amid NATO spending plans and regional defence shifts

The increase comes as global defence firms benefit from a broader rally sparked by NATO’s new defence spending pledge. At the recent NATO Summit, all 32 member states agreed to allocate 5% of their gross domestic product (GDP) toward defence by 2035, including a minimum of 3.5% for core NATO capabilities. This collective commitment, driven by long-term threats from Russia and terrorism, has generated substantial investor optimism across the defe…