Slovakia spends 2.2% of GDP on defence in 2024

Posted on

Slovakia is set to increase its defense budget from 2024 to 2029, exceeding NATO’s 2% GDP target in response to European security challenges. Planned investments include CV90 infantry fighting vehicles, main battle tanks, and upgraded F-16V fighter jets. Defense spending is projected to peak at 2.75% of GDP by 2029, highlighting Slovakia’s commitment to military modernization. This surge in funding reflects the country’s strategic focus on strengthening its defense capabilities. The initiative aligns with NATO’s collective defense goals amid a changing security landscape.

Original news

Related Posts

Slovakia to purchase Israel’s Barak MX air defense system for €560 million

The Slovak Defense Ministry announced the purchase of the Barak MX air defense system from Israel for €560 million, marking a significant boost to its defense capabilities. This is Israel’s third sale of the system, following agreements with Cyprus and Azerbaijan. Developed by Israel Aerospace Industries, the Barak MX counters a range of threats, including drones, cruise missiles, and tactical ballistic missiles. The deal is seen as a “landmark” step in bolstering Slovakia’s air defense and strengthening defense ties between Israel and Slovakia, according to the Israel Ministry of Defense. This acquisition reflects Slovakia’s commitment to modernizing its military in […]

Slovakia Finalizes €560 Million Deal for Israeli Barak MX Air Defense System

Slovakia has signed a €560 million ($583 million) agreement to acquire the Israeli-made Barak MX air defense system, marking the largest defense deal between the two nations. Developed by Israel Aerospace Industries (IAI), the Barak MX provides protection against threats such as ballistic missiles, UAVs, and cruise missiles, with interceptors boasting a range of up to 150 kilometers. Israeli officials, including Defense Ministry Director General Eyal Zamir, praised the deal as a milestone in enhancing Slovakia’s defense capabilities and meeting NATO standards. This purchase adds to Slovakia’s recent acquisitions of Israeli defense technology, such as Spike LR2 anti-tank missiles and […]

Aero Vodochody confident of further export deals as L-39NG is rebranded Skyfox

Aero Vodochody has renamed its L-39NG jet trainer as the L-39 Skyfox, aiming to boost sales to customers like Vietnam and Hungary. CEO Viktor Sotona is optimistic about expanding beyond the current 28 aircraft orders, focusing on legacy L-39 operators in Africa and NATO countries. Though a deal with Slovakia seems logical, the country has chosen the Lockheed Martin F-16 Block 70 as its main combat aircraft. Aero Vodochody is also growing its aerostructures business, signing a memorandum of understanding with Embraer to enhance cooperation on the C-390 program. Additionally, the company is increasing production for Spirit AeroSystems and other […]