finance
UK, France and Germany Announce 50 Billion Dollar NATO Precision-Strike Initiative
The UK government announced a new Allied Initiative allocating 50 billion dollars over 10 years for precision strike capabilities. The effort joins France and Germany to develop long-range weapons without U.S. involvement.
Jul 7, 5:35 PM·1m read3 sources
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The UK, France and Germany have launched a 50 billion dollar NATO initiative to develop long-range weapons without U.S. involvement. The UK government announced the Allied Initiative that will allocate the funds over 10 years for precision strike capabilities.
The three nations, alongside other European allies, will work over the next decade to develop strike systems to hit targets more than 2,000 kilometers away with pinpoint accuracy. The funds target development of advanced strike systems. @FirstSquawk reported the details directly from UK Government sources.
No additional timeline or implementation steps were specified in the announcement.
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