Norway has announced plans to increase its defense spending to meet the NATO target two years ahead of the originally scheduled timeline, citing a "serious" security situation as the primary motivator. This strategic move will see Oslo's defense budget rise to 2% of its GDP. In addition to boosting its defense expenditure, Norway has also expanded its military capabilities by exercising options for three additional TPY-4 multi-mission radars from Lockheed Martin. This decision builds on a previous contract from November 2022, where Norway had already committed to acquiring eight TPY-4 radars under the 'P 2078 Air Surveillance Radars' program, with an option for three more systems.
JUST IN - Norway aims to reach the NATO target for military spending two years earlier than planned, citing a “serious” security situation, Bloomberg reports https://t.co/JqWu8AGq3g
Two years ahead of original schedule: Oslo ups defence spending to 2 % of GDP https://t.co/SNN4GDFuVs
Norway expects to reach NATO defense spending target this year https://t.co/QdfZCUfIEx via @ottummelas https://t.co/5XKw92jInH
Norway aims to reach the NATO target for military spending two years earlier than planned, citing a “serious” security situation https://t.co/swlcfl5hno
"Norway has exercised options for 3 additional TPY-4 multi-mission radars. In November 2022 Norway had contracted Lockheed Martin to deliver eight TPY-4 radars, with an option for a further three systems under the ‘P 2078 Air Surveillance Radars' programme" ~ Janes #GaN https://t.co/iIBxjJXDhN