Overview

• The Council of Ministers approved three industrial pre‑financing decrees releasing €10.471 billion in 2025 to activate 31 Special Modernization Programs.
• Credits are directed to Indra, Airbus, Navantia, Hisdesat and General Dynamics, with Indra receiving about €4.2 billion, roughly 40% of the total.
• Officials say execution orders for all 31 programs will be signed before year‑end, which they contend will confirm Spain’s 2025 NATO 2% spending level.
• The plan is expected to mobilize around €34 billion over the coming years for projects including F‑100 frigate upgrades, a new logistics vessel, flight training systems, a light multipurpose helicopter and Spain’s role in the FCAS program.
• U.S. Ambassador to NATO Matthew Whitaker reiterated that all allies must meet the 5% goal with no exceptions, and President Donald Trump threatened tariffs on Spain over its refusal to commit to 5%, which Spanish officials downplayed as they stressed Spain is a reliable ally.