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5h ago

Spain Finalizes Pre‑Financing to Launch 31 Defense Programs, Targeting NATO’s 2% Goal

The decision positions Spain to certify its NATO spending threshold with execution orders expected before year‑end.

El presidente del Gobierno y secretario general del PSOE, Pedro Sánchez, y la ministra de Defensa, Margarita Robles, durante el acto solemne de homenaje a la bandera nacional y desfile militar por el 12 de octubre, Día de la Hispanidad, en la Plaza de Cán
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Sánchez y Trump, ayer, en Egipto

Overview

  • Spain’s cabinet approved three royal decrees that complete the pre‑financing needed to activate all 31 Special Modernization Programs within the €10.471 billion Security and Defense Plan.
  • The government says €3.807 billion will be mobilized in 2025, including €350 million for flight training systems, €275 million for a light multipurpose helicopter, €225 million for F‑100 frigate upgrades, and €100 million for a new replenishment ship.
  • Credits and loans will support contractors including Indra, Airbus, Navantia, Hisdesat and General Dynamics, with one decree focused on Indra and the others on land and air programs; Defence sources cited by El Periódico report Indra will receive about €4.2 billion, or 40% of the total.
  • Prior to this step, the Industry Ministry pre‑financed 13 of the programs with €7.334 billion in zero‑interest loans, and the new decrees complete activation across all 31 initiatives.
  • Prime Minister Pedro Sánchez has rejected raising defense outlays to 5% after recent pressure from U.S. President Donald Trump, reiterating that roughly 2.1% of GDP meets Alliance capability requirements.