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Poland Secures Defense Deals Worth $520 Mln


Wed 04 Sep 2024 | 09:17 AM
Israa Farhan

Poland has announced a series of new defense deals totaling hundreds of millions of dollars as part of its ongoing efforts to strengthen its military capabilities.

The country, a NATO member, has been ramping up its defense spending since the onset of the Russian-Ukrainian war in 2022.

Polish Defense Minister Władysław Kosiniak-Kamysz revealed on Tuesday that the Polish government will be signing contracts valued at nearly 2 billion złoty (about $520 million).

The announcement was made during the International Defense Industry Exhibition in the southern city of Kielce, an event that features participation from hundreds of companies and experts from countries including the UK, Australia, and the United States.

Kosiniak-Kamysz stated that on Wednesday, Poland would sign a significant contract worth nearly 1.1 billion złoty with a Spanish consortium.

This agreement will involve surveillance systems around airports, although he did not provide further details.

Additionally, Poland signed three other contracts on Tuesday related to military logistics and communications services.

Currently, Poland allocates 4% of its GDP to defense spending, the highest percentage among all NATO members.

The country aims to increase this figure to 4.7% by next year, further solidifying its commitment to national and regional security.